Rite Aid Buys Health Dialog Services and DFC Global Corp Enters Definitive Agreement to be Acquired in a $1.3B Transaction
Rite Aid Corporation (NYSE: RAD) has bought Health Dialog Services, a health care services group headquartered in London. The companies didn't disclose terms of the deal. The companies have been working together for more than a year on Rite Aid's Health Alliance product, in which pharmacists and health care coaches work with patients on health and self-management. Rite Aid has said the program is intended to improve care and support for people with chronic conditions like congestive heart failure, lung disease, high cholesterol, and diabetes. According to the company, the purchase of Health Dialog Services will allow it to bring Health Alliance to more markets.
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
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DFC Global Corp. (NASDAQ: DLLR) has entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds. The consumer lender said stockholders would receive $9.50 a share in a cash transaction totaling around $1.3 billion. "We are pleased to have reached this agreement, which delivers immediate cash value to our stockholders," said Jeff Weiss, DFC Global's Chairman and CEO. "We look forward to taking advantage of enhanced financial flexibility to find new ways to build our business while continuing to meet and exceed the needs of our global customer base." DFC Global will become a privately-held company once the acquisition closes. The transaction is expected to be finalized in the third calendar quarter of 2014.
DFC Global Corp., through its subsidiaries, provides retail financial services to unbanked and under-banked consumers, and small businesses. The companys primary products and services include unsecured short-term consumer loans, secured pawn loans, check cashing, gold buying, and Western Union money transfer and money order, as well as foreign currency exchange, reloadable VISA prepaid debit cards, and electronic tax filing. It also offers military installment loan and education services, such as fee based services to enlisted military personnel applying for loans to purchase new and used vehicles.
Get more information on DFC Global Corp. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/DLLR
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