What Does Rite Aid Do?

Total employees22000
HeadquartersPhiladelphia
Founded1962

Rite Aid is a prominent American drugstore chain dedicated to improving the health and wellness of its communities. For over 60 years, Rite Aid has served as a trusted destination for pharmacy services, including prescription fulfillment and clinical services like immunizations, alongside a wide range of health and beauty products, personal care items, and general merchandise. Following its Chapter 11 filing in October 2023, Rite Aid is undergoing a significant restructuring to strengthen its financial position and optimize its retail footprint. The company continues to operate numerous retail locations, focusing on providing accessible healthcare and convenient shopping experiences to its customers while navigating its transformation.

Where Is Rite Aid's Headquarters?

HQ Function

Serves as the central hub for Rite Aid's corporate operations, including strategic planning, financial management, merchandising, marketing, legal, and administrative support for its retail pharmacy network.

Notable Features:

Modern office facilities within a redeveloped urban campus, designed to foster collaboration and innovation. The Navy Yard itself offers a unique business environment with green spaces and advanced infrastructure.

Work Culture:

The headquarters aims to cultivate a collaborative, agile, and forward-thinking work environment focused on navigating the company's transformation, enhancing customer service, and driving operational efficiency in the evolving healthcare and retail landscape.

HQ Significance:

The Philadelphia headquarters represents a strategic initiative to modernize operations, attract diverse talent, and position Rite Aid for a sustainable future post-restructuring. It centralizes key decision-making for the national pharmacy chain.

Values Reflected in HQ: The relocation and new facilities aim to reflect adaptability, a focus on future growth, innovation, and a commitment to a more efficient and collaborative operational model.

Location:

Rite Aid's operations are primarily concentrated within the United States, where it serves communities through its network of retail pharmacies. While it sources products globally to offer a diverse range of merchandise, its direct retail and corporate presence is domestic. The company does not operate international retail stores or corporate offices outside the U.S.

Street Address:

1200 Intrepid Ave

City:

Philadelphia

State/Province:

PA

Country:

USA

Where Else Does Rite Aid Operate Around the World?

Various, USA

Address: Multiple locations nationwide for distribution centers and regional support operations.

Each distribution center serves a specific geographic region, ensuring timely and efficient replenishment of stock to Rite Aid pharmacies. Regional support teams provide operational guidance and management to stores within their territories, supporting Rite Aid's commitment to customer service and accessibility.

Buying Intent Signals for Rite Aid

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Rite Aid? Meet the Executive Team

As of April 2025, Rite Aid' leadership includes:

Jeffrey S. Stein - Chief Executive Officer and Chief Restructuring Officer
Bo Islam - Executive Vice President and Chief Financial Officer
Karen Staniforth - Senior Vice President, Chief Pharmacy Officer
Pamela Reese - Senior Vice President, Chief People Officer

Who's Investing in Rite Aid?

Rite Aid has been backed by several prominent investors over the years, including:

Bank of America, N.A. (as Agent for DIP Lenders)
Other participating financial institutions and creditors involved in the Chapter 11 restructuring process (Rite Aid's ownership and capital structure are currently being reorganized under Chapter 11 bankruptcy protection).

What Leadership Changes Has Rite Aid Seen Recently?

Hire2
Exits3

Rite Aid has experienced significant executive leadership changes over the past year, largely driven by its ongoing financial restructuring and Chapter 11 process. This includes the appointment of a new CEO and CFO, alongside several key departures.

Departures

Matthew (Matt) Schroeder, Matt Schroeder departed his role as CFO in connection with Rite Aid's Chapter 11 filing and leadership transition.
Andre Persaud, Andre Persaud, EVP and Chief Retail Officer, departed Rite Aid as part of leadership changes during the restructuring.
Thomas Sabatino, Thomas Sabatino departed his role as EVP and Chief Legal Officer.

New Appointments:

Jeffrey S. Stein, Jeffrey S. Stein appointed CEO and CRO to lead Rite Aid through its Chapter 11 restructuring.
Bo Islam, Bo Islam appointed as new EVP and CFO, bringing extensive financial leadership experience during company's transformation.

What Technology (Tech Stack) Is Used byRite Aid?

Discover the tools Rite Aid uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Rite Aid Email Formats and Examples

Rite Aid's common corporate email formats typically use combinations of employee names. The most frequently observed pattern is the first initial followed by the last name. Other formats like first_name.last_name may also be in use.

flast@riteaid.com (e.g., jdoe@riteaid.com)

Format

jdoe@riteaid.com

Example

80%

Success rate

What's the Latest News About Rite Aid?

ReutersApril 25, 2024

Rite Aid gets court nod to solicit creditor votes on bankruptcy plan

Rite Aid received approval from a U.S. bankruptcy judge to begin soliciting creditor votes for its Chapter 11 bankruptcy restructuring plan. The plan aims to significantly reduce the company's debt and better position it for future operations after emerging from bankruptcy....more

Rite Aid Newsroom / PR NewswireApril 16, 2024

Rite Aid Appoints Bo Islam as Executive Vice President and Chief Financial Officer

Rite Aid announced the appointment of Bo Islam as its new Executive Vice President and Chief Financial Officer, effective April 15, 2024. Islam will oversee all financial functions as the company continues its restructuring efforts aimed at long-term growth and stability....more

Rite Aid Newsroom / PR NewswireJanuary 2, 2024

Rite Aid Successfully Completes Sale of Elixir Solutions to MedImpact

Rite Aid announced the successful completion of the sale of Elixir Solutions, its pharmacy benefit manager (PBM), to MedImpact Healthcare Systems, Inc. This divestiture is a key component of Rite Aid's ongoing portfolio optimization and restructuring process under Chapter 11, providing capital to support the core retail pharmacy business....more

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