| Central Penn Business Journal
Rite Aid selects vendor for discount drug program
Cumberland County-based Rite Aid Corp. has picked a preferred technology vendor and administrator for it to participate in a discounted drug program available to certain health facilities nationwide, the drug store chain said.
The 340B Drug Pricing Program lets qualified hospitals and health centers purchase drugs for their outpatients at a discount, Rite Aid said.
The relationship with Texas-based CaptureRx will enable Rite Aid to contract its services to these facilities across the country and dispense drugs to outpatients under the program, according to a news release.
CaptureRx also will provide support for industry relations and government policy, the release stated.
Rite Aid has identified pilot sites and is working to offer the 340B program services nationwide later this year, the company said.
East Pennsboro Township-based Rite Aid has about 4,700 stores in 31 states and Washington, D.C. Shares of the company are traded on the New York Stock Exchange under the ticker symbol RAD.