Rite Aid enters agreement to divest majority of Health Dialog business

Rite Aid Corporation has entered into an asset purchase agreement for the partial sale of its Health Dialog business to Carenet Health. Health Dialog provides personalized population health solutions to improve the health of members while reducing overall medical costs for companies and organizations. Under the terms of the APA, Carenet will acquire Health Dialog’s Nurse Advice Line, Chronic Care Management solution and Shared Decision-Making solution, along with client contracts associated with those services. Health Dialog’s Medication Adherence Management and Medication Therapy Management solutions are not included in the proposed transaction. Rite Aid is integrating these into the Company’s clinical offerings. The transaction, which is subject to Bankruptcy Court approval and customary closing conditions, is expected to close early in the second quarter of the calendar year 2024.