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Rite Aid Selling Pharmacy Services of More than 1,000 Locations as Part of Bankruptcy

On Thursday, Rite Aid revealed plans to transfer operations from over a thousand pharmacy locations to competing drugstore chains as it continues to navigate bankruptcy.
The company filed for Chapter 11 bankruptcy earlier this month, its second filing in eight months, citing unforeseen liquidity issues after struggling with debt and market challenges.
Buyers include CVS Health, Walgreens, Albertsons, Kroger, and Giant Eagle, with CVS set to take over prescription records from 625 Rite Aid locations and fully operate 64 stores across Idaho, Oregon, and Washington.
Rite Aid CEO Matt Schroeder stated that the deals will help provide continuity for pharmacy customers and maintain employment for several important staff members.
The sales remain subject to New Jersey bankruptcy court approval and regulatory reviews, with stores staying open during the process to maintain continuity of customer care.

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The US Sun

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Final hours for Rite Aid store after second bankruptcy filing leads to closures

SHOPPERS have just hours left to visit one Rite Aid location as it prepares to shut its doors for good amid a slew of closures. The struggling chain announced last week that it filed for Chapter 11 bankruptcy protection for the second time in less than two years. Rite Aid is forced to shutter locations following its second bankruptcy filingGETTY Google MapsThe Rite Aid store in Danbury Connecticut closed on May 14 and another will shutter on Mon…

7 days ago·New York, United States

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lehighvalleylive

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Popular pharmacy chain closing 54 stores in 17 starting next week

Walgreens is preparing to shutter dozens of stores in 17 different states just months after the pharmacy chain announced it would close 1,200 stores in the U.S. by 2028.

7 days ago

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KHQ Right Now

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CVS to acquire Rite Aid locations in Washington and Idaho

CVS is set to take over numerous Rite Aid locations in Washington and Idaho, according to court documents. However, specific stores affected by the acquisition have not yet been disclosed.

8 days ago·Spokane, United States

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The Statesman

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The Tennessean

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Rite Aid reveals more store closures, bringing total to 142 across 12 states: See list

Rite Aid announced more store closures after reportedly agreeing to sell pharmacy assets from over 1,000 locations to various competitors.

8 days ago·Austin, United States

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Pittsburgh Post-Gazette

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CVS, Walgreens, others agree to purchase pharmacy assets of more than 1,000 Rite Aid stores

Several prominent pharmaceutical and grocery chains have purchased the pharmacy assets of more than 1,000 Rite Aid stores across the country. Rite Aid...

8 days ago·Pittsburgh, United States

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