Judge Approves Rite Aid Pharmacy Sales to CVS, Walgreens Others

Rite Aid closing central Pa. store

The location is among 151 additional stores being shuttered as the pharmacy chain navigates its second bankruptcy.

Patients prescriptions to transfer to rival pharmacy after Rite Aid bankruptcy

RITE Aid customers will no longer have to worry about the fate of their prescriptions. The pharmacy chain filed for its second bankruptcy earlier in May. GettyRite Aid filed for bankruptcy in early May (stock image)[/caption] Customers prescriptions are now being sent elsewhere (stock image)Getty It first went under in October 2023, citing around $8.6 million in debt. While it seeks to restructure and emerge again, it was confirmed that there wo…

Judge approves Rite Aid pharmacy sales to CVS, Walgreens others

A bankruptcy judge on Wednesday approved Rite Aid’s pharmacy asset sales to a variety of buyers. Purchase prices were not disclosed.

Ellwood City Rite Aid Building Set For Auction Next Month – Ellwood City, PA news

The Ellwood City Rite Aid will be set for an online auction beginning next month. The pharmacy is among dozens of stores that is set to close or have been closed already as part of a corporate bankruptcy filing. The online auction will take place June 23 to June 25 for the 5th Street facility. The starting bid is $850,000. According to its LoopNet.com online listing, Colliers is pleased to present for sale the 100 percent fee simple interest in R

Rite Aid Finalizes Pharmacy Asset Sales, Ensures Seamless Customer Transition

PHILADELPHIA, PA — Rite Aid Corporation announced the signing of multiple sale and transition agreements on May 15, marking a significant step in the company’s restructuring process. The agreements involve transitioning pharmacy assets from over 1,000 store locations across the United States to major operators, including CVS Pharmacy, Walgreens, Albertsons, Kroger, and Giant Eagle. Notably, CVS Pharmacy will also take over many Rite Aid and Bart…

Court approves CVS' bids on Rite Aid assets

WOONSOCKET, R.I. – CVS Health announced this week that the U.S. Bankruptcy Court of New Jersey has approved CVS Pharmacy  bids on the prescription files of 625 Rite Aid pharmacies across 15 states in areas that CVS serves, as well 64 Rite Aid stores in Idaho, Oregon and Washington. The transaction is subject to applicable regulatory approvals and other customary closing conditions. Additional details will be available closer to the transaction c…