When thinking about health-care stocks, most investors flock to exciting opportunities in the biotech and pharmaceutical spaces. Retail pharmacies, however, have also been performing exceptionally well since the start of the year. Shares of CVS (NYSE:CVS) and Walgreen (NASDAQ:WBA) are up 20% and almost 50%, respectively. However, there is one often overlooked company that has been on a tear since the start of 2013.

RAD Chart

Source: YCharts

Rite-Aid's (NYSE:RAD) shares have been under pressure in recent years, but the stock seems to be back on the right track. But what is the market so excited about? In the following video, health-care analyst Max Macaluso explains three factors that have contributed to Rite Aid's impressive growth.

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Max Macaluso, Ph.D. has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.