Rite Aid is a large, national chain of drugstores that operates in the United States and Puerto Rico. The company is headquartered in Philadelphia, Pennsylvania.
Rite Aid is one of the largest pharmacy chains in the United States, with over 2,000 stores.
Rite Aid has been the subject of numerous controversies in the past. In 2013, the company was fined $1.9 million for violating the Food and Drug Administration’s (FDA) drug pricing program. In 2016, the company was fined $1.
9 million for overcharging Medicaid for prescription drugs. In 2017, the company was fined $26 million for violating the Foreign Corrupt Practices Act.
In June 2018, the company announced that it would be closing 150 stores nationwide. This decision was made in response to the company’s struggling financial performance. In 2018, Rite Aid reported a loss of $1.4 billion.
In conclusion, while Rite Aid is a large, national chain of drugstores, it has been the subject of numerous controversies in the past, and its financial performance has been struggling in recent years. Accordingly, it is not clear whether Rite Aid is a legitimate company.
