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Rite Aid Allegations Include Booking Unearned Rx Rebates By Former Exec

Executive Summary

Improper recording of contingent pharmaceutical rebates is among the allegations in a criminal indictment against one current and three former Rite Aid executives

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Rite Aid pharmacy operations

Philip Keough joins drug chain Rite Aid as senior VP-pharmacy operations, replacing Marvin Richardson, who is leaving the company. Keough previously directed pharmacy operations for CVS. Rite Aid Exec VP-Pharmacy Services Eric Sorkin is still on administrative leave after a criminal indictment was brought against him by the Harrisburg, Penn. U.S. Attorney (1"The Pink Sheet" July 1, p. 9). Sorkin's duties are being handled by Chief Operating Officer Mary Sammons and Sorkin's staff...

Rite Aid pharmacy operations

Philip Keough joins drug chain Rite Aid as senior VP-pharmacy operations, replacing Marvin Richardson, who is leaving the company. Keough previously directed pharmacy operations for CVS. Rite Aid Exec VP-Pharmacy Services Eric Sorkin is still on administrative leave after a criminal indictment was brought against him by the Harrisburg, Penn. U.S. Attorney (1"The Pink Sheet" July 1, p. 9). Sorkin's duties are being handled by Chief Operating Officer Mary Sammons and Sorkin's staff...

Rite Aid Rebate Accounting Is One Issue In Philadelphia PBM Investigation

The Philadelphia U.S. Attorney's Office is investigating whether AdvancePCS properly reported all rebates to Federal Employee Health Benefit Programs during the period of its ownership by Rite Aid

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