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Rite Aid offloads pharmacy assets of 1,000 locations to several rivals
Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.
CVS has agreed to buy the bulk of Rite Aid's pharmacy assets. If approved, CVS would acquire the prescription files for 625 ...
Rite Aid’s return to bankruptcy within a year after completing its prior Chapter 11 shows that when critical vendors aren’t ...
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Rite Aid files for bankruptcy — againRite Aid first filed for bankruptcy in October 2023, becoming a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal ...
But eight months later, Rite Aid found itself back in the same position earlier this month when it filed for bankruptcy a second time, citing unforeseen liquidity issues. At that point ...
PBMs have argued that they help keep drug prices down. Rite Aid also saw its debt jump to nearly $4 billion following legal challenges and a multi-million dollar settlement with the US ...
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