A Rite Aid store on Jonestown, Road in Harrisburg, PA. Rite Aid's new CEO said the company's ... [+] pharmacy benefit management company EnvisionRxOptions is key to the company's turn-around. Rite Aid photoRite Aid’s chief executive officer acknowledged the drugstore chain’s turnaround “will take some time” as the company executes a new strategy in the coming months that includes investments into its pharmacy benefit manager. Donigan, a longtime healthcare executive, earlier this year replaced the embattled John Standley as Rite Aid CEO. Before Donigan arrived in August, Rite Aid was amid a series of efforts to boost sales, hiring new executives and signing new marketing and business deals. Rite Aid has more than 2,400 stores in 18 states.

Source: Forbes December 19, 2019 14:12 UTC