Bankrupt Rite Aid on Wednesday received court approval to close stores and sell most of its pharmacy assets in separate ...

In addition to the 70 stores in Pennsylvania that are slated for closure, Rite Aid also listed six stores in Virginia, five ...

Countless Rite Aid customers and employees are still waiting to learn the fate of their local pharmacies as the bankrupt drugstore chain sells off its assets and winds down operations. Now, at ...

U.S. Bankruptcy Judge Michael Kaplan approved a fire sale for the assets Rite Aid had found buyers for in a court hearing in Trenton, New Jersey, prioritizing the transfer of prescription services ...

including CVS , Walgreens , Albertsons , and Kroger . Rite Aid's attorney Alice Eaton said the quick transfer of pharmacy customers’ prescription files accomplished one of the company’s ...

Bids are due on Tuesday for companies hoping to acquire Rite Aid’s prescriptions ... process” the transfer of prescriptions. Rite Aid is a distant third to CVS and Walgreens, though grocery ...

SEATTLE — CVS Pharmacy has announced its agreement to buy the prescription files of 625 Rite Aid pharmacies across 15 states, as well as 64 physical Rite Aid stores in Idaho, Oregon, and Washington.

Rite Aid has sold the pharmacy operations of more than 1,000 of its U.S. stores to major competitors, including CVS Health Corporation ... Despite the asset sales, Rite Aid stated that its ...

Pharmacy chains such as Rite Aid and its rivals including Walgreens and CVS have been under pressure as falling drug margins and competition from Walmart and Amazon have led to the closure of ...

Pharmacy chain Rite Aid has begun Chapter 11 bankruptcy proceedings, the company announced on Monday, May 5. Rite Aid CEO Matt Schroeder pointed to financial challenges that "intensified by the ...

Rite Aid, which filed for Chapter 11 bankruptcy in October 2023, recently updated its restructuring plans amid ongoing ...