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Rite Aid selling pharmacy services of more than 1,000 locations as part of bankruptcy
Thousands of Rite Aid customers may soon be visiting a new pharmacy. On Thursday, the national pharmacy chain announced it plans to sell the pharmacy services of more than 1,000 locations to competing pharmacies. If the sales are approved by the relevant bankruptcy court, Rite Aid’s pharmacy services will be transferred to the buyers.
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.
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Rite Aid is telling its vendors that it “has generally stopped purchasing goods and services.” In a letter to customers that ...
Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in ...
Rite Aid’s return to bankruptcy within a year after completing its prior Chapter 11 shows that when critical vendors aren’t ...
More than 100 Rite Aid pharmacies nationwide — including 12 in Oregon — are on the chopping block. The Philadelphia-based ...
A Rite Aid distribution center in Harford County, Maryland, is expected to lay off more than 300 workers and close its doors ...
The pending sale of millions of customer health records as part of Rite Aid Corp.‘s bankruptcy proceedings is putting a ...
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