Rite Aid Opens New Modern Headquarters in Philadelphia’s Navy Yard

Rhea-AI Summary

Rite Aid has officially opened its new headquarters, the Collaboration Center, in Philadelphia's Navy Yard district. This 23,000 square-foot facility aims to foster in-person collaboration among the company’s remote workforce. It features modern amenities like various conference rooms and a digital studio. President and CEO Heyward Donigan highlighted the center's role in transforming the company’s brand. The move signifies Rite Aid's commitment to enhancing health outcomes and strengthening community ties, with a capacity for up to 300 associates.

Positive

• New headquarters enhances collaboration among remote workforce.
• 23,000 square-foot modern facility promotes in-person meetings.
• Long-term lease secured, indicating stability and growth.

Negative

• None.

The Rite Aid Collaboration Center is designed to bring the company’s associates together for in-person meetings and collaboration

PHILADELPHIA--(BUSINESS WIRE)-- Today, Rite Aid (NYSE: RAD) unveiled its new headquarters in Philadelphia’s thriving Navy Yard district. The Rite Aid Collaboration Center, located on the second floor of 1200 Intrepid Avenue, will bring Rite Aid’s remote corporate workforce and associates together in a modern space with state-of-the-art amenities.

Rite Aid CEO and President Heyward Donigan cuts the ribbon for the new Rite Aid Collaboration Center, located on the second floor of 1200 Intrepid Avenue in Philadelphia. She is joined by Philadelphia Mayor Jim Kenney, PIDC President Anne Nevins, and Rite Aid leaders and associates. (Photo: Business Wire)

The new headquarters, with its accessibility to major transportation, offers teams across Rite Aid’s various businesses – including Rite Aid retail pharmacy, Elixir, Health Dialog and Bartell Drugs – space to meet, collaborate, engage clients and partners, and cultivate the kind of strong professional relationships that serve as the bedrock for successful remote teams.

“This new collaboration space represents how we are modernizing our brand from the inside out,” said Rite Aid President and CEO Heyward Donigan. “We are not only transforming our business to better serve our customers, but we are embracing new ways of working that blends a remote-first corporate workforce with opportunities for in-person collaboration.

“We are proud to join the Philadelphia community and continue our rich history in Pennsylvania as we work to improve health outcomes for our customers and communities,” Donigan added.

Philadelphia Mayor Jim Kenney and community leaders joined Rite Aid for the official opening and ribbon cutting.

“We are proud that Rite Aid has decided to make Philadelphia its new corporate home with this new collaboration center for its workforce,” said Philadelphia Mayor Jim Kenney. “We welcome them to our great city and look forward to working together in serving the health care needs of our communities.”

The 23,000 square-foot Collaboration Center designed by Wynnewood-based Meyer Design features a variety of conference room styles equipped with digital Neat Boards for video conferencing, a digital/video studio, Genius Bar to support IT needs, and associate amenities including a catering kitchen, multiple food and beverage stations, a business center and a respite room for nursing, prayer and meditation. Rite Aid has entered into a long-term lease with Ensemble Real Estate Solutions for the space which can accommodate up to 300 Rite Aid associates.

Rite Aid previously had its headquarters in Camp Hill, Pa. Rite Aid opened its first store – then Thrif D Discount Center in Scranton – 60 years ago. Today, Rite Aid has 2,350 stores across 17 states, including 223 in Philadelphia and its surrounding area, and a workforce of more than 50,000 strong.

About Rite Aid

Rite Aid is a full-service pharmacy that improves health outcomes. Rite Aid is defining the modern pharmacy by meeting customer needs with a wide range of vehicles that offer convenience, including retail and delivery pharmacy, as well as services offered through our wholly owned subsidiaries, Elixir, Bartell Drugs and Health Dialog. Elixir, Rite Aid’s pharmacy benefits and services company, consists of accredited mail and specialty pharmacies, prescription discount programs and an industry leading adjudication platform to offer superior member experience and cost savings. Health Dialog provides healthcare coaching and disease management services via live online and phone health services. Regional chain Bartell Drugs has supported the health and wellness needs in the Seattle area for more than 130 years. Rite Aid employs more than 6,300 pharmacists and operates more than 2,350 retail pharmacy locations across 17 states. For more information, visit www.riteaid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220713005840/en/

Media:

Terri Hickey, Director of Public Relations

 773-655-3035; terri.hickey@riteaid.com

Source: Rite Aid

FAQ

What is the new Rite Aid Collaboration Center in Philadelphia?

The Collaboration Center is Rite Aid's new headquarters designed for in-person meetings and collaboration among its remote workforce.

What features does the Rite Aid Collaboration Center offer?

The center includes conference rooms, a digital studio, IT support, and various associate amenities.

When did Rite Aid open its new headquarters?

Rite Aid unveiled its new headquarters on July 13, 2022.

How many associates can the Rite Aid Collaboration Center accommodate?

The Collaboration Center can accommodate up to 300 associates.

Where is the Rite Aid Collaboration Center located?

It is located at 1200 Intrepid Avenue in Philadelphia's Navy Yard district.