Embattled Rite Aid Faces Delisting From NYSE

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Embattled Rite Aid Faces Delisting From NYSE
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I've written about health care for three decades, starting from my native Iowa where I covered the presidential campaign bus rides of Bill and Hillary Clinton through the Hawkeye state talking health reform and the economy. I have covered the rise, fall and rise again of health reform, chronicling national trends as well as the influence of Barack and Michelle Obama from Chicago's South Side on changes to the U.S. health system from my base in Chicago. I am the author of the book, 'Inside Obamacare,' published in 2014 and the book, 'Walmart's Second Opinion,' published in 2023. A regular on Forbes on Fox (2014-2018), you can see me on occasion nationally on Fox Business News. In Chicago, you can hear my healthcare and business analysis on WBBM News Radio 780 and 105.9 FM. I've written for many media outlets, including the New York Times (2011-2013) and was healthcare reporter at the Chicago Tribune (1998-2011). Prior to that, I wrote for Modern Healthcare and several Iowa newspapers including the Des Moines Register. I'm active in education and teach in the University of Iowa School of Journalism MA in Strategic Communication program. I am passionate about health literacy when it comes to explaining the complexities of health care. A better understood health system may save someone some money or their life.

standards” and needed to take measures to boost its share price to regain good standing, the company said October 4, 2023. In this photo, a customer leaves a Rite Aid store on April 14, 2022 in San Rafael, California. it was no longer in compliance with New York Stock Exchange “continued listing standards” and needs to take measures to boost its share price to regain good standing.

“Under the NYSE rules, the company is provided with certain cure periods and the company’s common stock will continue to be listed and traded on the NYSE during the cure periods, subject to the company’s compliance with other continued listing requirements,”“The current noncompliance with the NYSE listing standards does not affect the company’s ongoing business operations or its U.S.

to keep the company’s stock from being delisted by the NYSE. Back then, Rite Aid’s share price had plummeted to less than $1 following two failed mergers that contributed to the demise of CEO John Standley.

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