Former Rite Aid Pharmacist Aims to Bring Independent Pharmacy to Coronado
Rite Aid closed over 1,200 stores after filing for Chapter 11 bankruptcy twice, citing opioid lawsuit settlements and rising debt as key factors in its shutdown.
- Last week, Rite Aid announced all of its stores have now closed, including Maryland locations that shut this summer around the Baltimore area.
- Earlier this year, the chain filed for Chapter 11 again as mounting debt and opioid-related lawsuits pushed Rite Aid into a second bankruptcy filing.
- At the time of restructuring filings the chain ran about 1,275 stores and three distribution centers, employing about 24,500 people, and earlier this year closed the Aberdeen distribution center, cutting 363 jobs.
- For customers, prescriptions were transferred to nearby pharmacies as Rite Aid posted transfer lists online, and some former locations in Berlin reopened under Med One Pharmacy, retaining staff and patient profiles.
- Competitors moved quickly this year to pick up many locations, as CVS and Walgreens acquired about 1,000 former Rite Aid locations, ending a more than 60-year retail presence and reducing local pharmacy options.
11 Articles
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Former Rite Aid pharmacist aims to bring independent pharmacy to Coronado
CORONADO, Calif. (FOX 5/KUSI) -- Rite Aid has filed for bankruptcy a second time in two years, shutting down all remaining stores. The Rite Aid on Orange Avenue in Coronado closed down unexpectedly on July 31, 2024, according to Arash Kohan, who was a pharmacist there since 2010. “Coronado is a very unique place, it has a very small town, hometown feel to it, everybody knows everybody," Kohan said. "You know your patients, you know your provider…
Major Drug Chain Announces Its Closing All Locations After Second Bankruptcy
It’s game over for former drug chain giant Rite Aid as it finally announces it’s closing all of its stores after its second bankruptcy in two years. Once upon a time, Rite Aid was the largest pharmaceutical drug store in the US with more than 2,000 stores. Now, after a second bankruptcy in as many years, they are closing their last locations and shutting up shop for good. Slow Decline: After its first bankruptcy, Rite Aid was forced to file for …
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