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Rite Aid is given $1 billion boost from lenders

Article Abstract:

Camp Hill-based Rite Aid Corp. received a $1 billion credit line from lenders. The company will use the money to repay debt and fix up stores.

Author: Hill, Miriam
Publisher: Philadelphia Newspapers, Inc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
Receipt of funds

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Rite Aid is selling its PCS business

Article Abstract:

Camp Hill, Penn.-based Rite Aid Corp., which has debt of $6.6 billion, has announced it will sell its PCS Health Systems division to Irvine, Texas-based Advance Paradigm Inc. for $1 billion. Rite Aid, which is a nationwide drug store chain, will keep PCS real estate that is valued at approximately $70 million.

Author: Hill, Miriam
Publisher: Philadelphia Newspapers, Inc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
Asset sales & divestitures, Acquisitions & mergers, Management services, All Other Miscellaneous Ambulatory Health Care Services, Medical Management Services, Office Administrative Services, Health and allied services, not elsewhere classified, Misc Medical Services, Medical care, PCS Health Systems Inc., Advance Paradigm Inc., ADVP

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Rite Aid's loss grew during its 2d quarter

Article Abstract:

Rite Aid Corp. announced that its second-quarter loss from continuing operations nearly tripled because of the decreasing value of its online unit and a major refinancing attempt. Rite Aid's stock fell 20.3% after the announcement.

Author: Hill, Miriam
Publisher: Philadelphia Newspapers, Inc.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2000
Sales, profits & dividends, Pennsylvania, Brief Article

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Subjects list: United States, Drugstores, Rite Aid Corp., RAD
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