More than 300 Rite Aid pharmacies now slated for closure
Digest more
The company received court approval to pursue a rapid-fire sale of its pharmacy assets from more than 1,000 store locations on Thursday.
A bankruptcy judge on Wednesday approved Rite Aid’s pharmacy asset sales to a variety of buyers. Purchase prices were not disclosed.
13don MSN
Rite Aid plans to close hundreds of its U.S. pharmacies but said it would sell some in the Pacific Northwest to CVS Pharmacy. The Philadelphia-based Rite Aid has faced a slew of financial troubles over the past two years. The company first filed for Chapter 11 bankruptcy in 2023, after which it shuttered hundreds of stores nationwide.
An agreement has been made for Giant Eagle to take on pharmacy prescriptions from 78 Rite Aid locations across Pennsylvania and Ohio.