retail news in context, analysis with attitude

Rite Aid Corp. said last week that it has acquired RediClinic, a retail medical clinic chain that it now plans to operate as a wholly owned subsidiary. Terms of the deal were not disclosed.

Rite Aid chairman/CEO John Standley said in a prepared statement, "Retail clinics play a critical role in today’s health care delivery system and will play an important role in Rite Aid’s overall health and wellness strategy. We are committed to working with RediClinic to expand its current footprint in Texas and, in the near future, begin to bring its expertise in delivering convenient healthcare and wellness programs to Rite Aid customers in select Rite Aid markets.”
KC's View:
The retail medical clinic business seems to be getting a lot of traction lately. And I know folks who say that they've been extremely impressed with their experiences there …