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Hospitals, Pharmacies Struggle to Be Profitable

Rite Aid files bankruptcy while survey of hospitals in Washington State reveals large operating losses

CEO SUMMARY: Pharmaceutical companies may be posting strong growth in revenue and profits. But that’s not true for the nation’s largest retail pharmacy chains. Rite Aid’s Chapter 11 bankruptcy filing earlier this month put a spotlight on financial stress at all the retail pharmacy chains. This news was matched by the release of a survey …

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