Rite Aid’s RediClinic and Hackensack Meridian Health Form Joint Venture To Open Retail-Based, Convenient Care Clinics

Will Improve Access to High Quality and Affordable Care in New Jersey

CAMP HILL, Pa. & WALL, N.J.–(BUSINESS WIRE)–RediClinic, a leading operator of retail clinics, and Hackensack
Meridian Health, the most comprehensive and integrated Network in New
Jersey, today announced the formation of a joint venture to open
convenient care clinics inside select Rite Aid pharmacies in Middlesex,
Monmouth and Ocean counties in New Jersey. The first of 10 clinics,
which will be cobranded as Hackensack Meridian Health RediClinics, are
expected to begin opening later this year.

“It has always been a core part of RediClinic’s strategy to partner with
leading health care systems, and we are excited to be continuing this
strategy with one of the leading providers in New Jersey,” said Web
Golinkin, RediClinic CEO. “The joint venture structure will facilitate
and accelerate a high level of clinical integration with other
Hackensack Meridian providers and facilities, which will maximize the
quality, accessibility and cost-effectiveness of care for New Jersey
residents.”

The Hackensack Meridian Health RediClinics will be staffed with nurse
practitioners who will be licensed to diagnose, treat, and, when
appropriate, prescribe medications for common medical conditions. The
nurse practitioners, who will be employees of Hackensack Meridian, also
will administer a broad range of preventive services, including health
screenings, medical tests, immunizations, and basic physical exams,
including back-to-school and sports physicals. RediClinic’s acclaimed
Weigh Forward© weight/lifestyle management program will also be
available. The nurse practitioners will be overseen by local medical
directors who are affiliated with Hackensack Meridian Health. The
clinics will be open seven days a week, including extended weekday
hours. No appointments will be necessary, but online appointments will
be available.

“We are excited to be partnering with RediClinic, one of the pioneers in
convenient care, as we continue to find more ways for people to access
high-quality care when and where they need it at affordable rates,” said
Dean Lin, regional president for Hackensack Meridian Health and the
Network’s executive sponsor of convenient care. “Working with our broad
network of primary care physicians, we want to continue to connect
people to convenient services.”

The clinics will join nine urgent care centers and four AfterHours
walk-in care centers currently operating throughout Monmouth and Ocean
counties in partnership with Hackensack Meridian Health as convenient
and cost-effective alternatives to going to an emergency room.

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading
drugstore chains with nearly 4,600 stores in 31 states and the District
of Columbia and fiscal 2016 annual revenues of $30.7 billion.
Information about Rite Aid, including corporate background and press
releases, is available through the company’s website at www.riteaid.com.

RediClinic currently operates 35 clinics inside H-E-B grocery stores in
Houston, Austin, and San Antonio, Texas, and 48 clinics inside select
Rite Aid stores in the greater Philadelphia, Baltimore/Washington D.C.
and Seattle areas. Since opening its first in-store clinic in 2005,
RediClinic has successfully treated more than 2 million patients. In
addition to treating common medical conditions and providing preventive
care, the company’s acclaimed Weigh Forward® weight/lifestyle management
program is offered in the company’s clinics and licensed to other
providers. RediClinic is a wholly owned subsidiary of the Rite Aid
Corporation. For more information about clinic locations, hours of
operation, services, insurance coverage and prices, visit www.rediclinic.com.

Hackensack Meridian Health is a leading not-for-profit health care
organization that is the most comprehensive and truly integrated health
care network in New Jersey, offering a complete range of medical
services, innovative research and life-enhancing care. Hackensack
Meridian Health comprises 13 hospitals, including two academic medical
centers, two children’s hospitals and nine community hospitals,
physician practices, more than 120 ambulatory care centers, surgery
centers, home health services, long-term care and assisted living
communities, ambulance services, lifesaving air medical transportation,
fitness and wellness centers, rehabilitation centers, and urgent care
and after-hours centers. Hackensack Meridian Health has 28,000 team
members, more than 6,000 physicians and is a distinguished leader in
health care philanthropy, committed to the health and well-being of the
communities it serves.

The Network’s notable distinctions include having one of only five major
academic medical centers in the nation to receive Healthgrades America’s
50 Best Hospitals Award for five or more consecutive years, the number
one hospital in New Jersey as ranked by U.S. News and World Report, consistently
achieving Magnet® recognition for nursing excellence from the American
Nurses Credentialing Center, recipient of the John M. Eisenberg Award
for Patient Safety and Quality from The Joint Commission and the
National Quality Forum, a six-time recipient of Fortune’s “100 Best
Companies to Work For,” one of the “20 Best Workplaces in Health Care”
in the nation, and the number one “Best Place to Work for Women.”
Hackensack Meridian Health is a member of AllSpire Health Partners, an
interstate consortium of leading health systems, to focus on the sharing
of best practices in clinical care and achieving efficiencies.

The hospitals of Hackensack Meridian Health include: academic medical
centers – HackensackUMC in Hackensack, Jersey Shore University Medical
Center in Neptune; children’s hospitals – Joseph M. Sanzari Children’s
Hospital in Hackensack, K. Hovnanian Children’s Hospital in Neptune;
community hospitals – Ocean Medical Center in Brick, Riverview Medical
Center in Red Bank, HackensackUMC Mountainside in Montclair, Palisades
Medical Center in North Bergen, Raritan Bay Medical Center in Perth
Amboy, Southern Ocean Medical Center in Manahawkin, Bayshore Community
Hospital in Holmdel, Raritan Bay Medical Center in Old Bridge, and
HackensackUMC at Pascack Valley in Westwood. To learn more, visit www.hackensackmeridianhealth.org.

Contacts

Rite Aid Corporation
INVESTORS:
Matt Schroeder, 717-214-8867
or
investor@riteaid.com
or
MEDIA:
Ashley
Flower, 717-975-5718
or
Hackensack Meridian Health
MEDIA:
Michael
McCauley, 732-751-7535