US Edition
Six Baltimore-Area Pharmacies to Close Amid Bankruptcy
- Rite Aid filed for Chapter 11 bankruptcy on May 5, 2025, and announced plans to close 316 stores nationwide during the process.
- This bankruptcy followed Rite Aid's earlier financial struggles, and the closures are part of a broader pharmacy sector trend involving mass store reductions.
- Rite Aid has secured buyers for pharmacy files at 810 stores while 200 locations lack buyers, and will transition pharmacy assets to major operators including CVS and Walgreens.
- Rite Aid CEO Matt Schroeder emphasized that a top objective is to maintain uninterrupted access to pharmacy services and care for as many dedicated customers as possible during this transition.
- These closures and asset sales aim to stabilize Rite Aid's pharmacy services during restructuring, and reflect ongoing cost-cutting and footprint optimization by major pharmacy chains.
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30 Articles
Largest pharmacy chain in US closing 271 stores in 2025 – see list
CVS is closing hundreds of stores as part of its ‘enterprise-wide restructuring plan intended to streamline and simplify the organization’. (Picture: Getty Images) The largest pharmacy chain in the US, CVS, is set to shutter 271 of its stores nationwide this year. CVS stated in its annual report in February that it would close the locations as part of its ‘enterprise-wide restructuring plan intended to streamline and simplify the organization’. …
Beloved pharmacy chain confirms it's set to close 271 stores in 2025
A POPULAR pharmacy chain is axing hundreds of stores in 2025 after mass shutdowns over the past three years. Consumers near the closing locations will be forced to head to competitors for prescriptions and other essentials. GettyA popular pharmacy chain is axing more stores this year (stock image)[/caption] AFPCVS has closed 900 locations in recent years (stock image)[/caption] CVS Health has been making restructuring efforts that are “intended …
Major pharmacy chain to close 271 stores this year as part of restructuring
CVS Pharmacy has announced plans to close 271 of its retail pharmacy locations in 2025, marking a step in the company’s effort to streamline operations and reshape its retail footprint.
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