CVS has agreed to buy the bulk of Rite Aid's pharmacy assets. If approved, CVS would acquire the prescription files for 625 stores, including some in Pennsylvania, New Jersey, and Delaware.

Rite Aid says they have a buyer for the pharmacy assets of more than 1,000 stores. The ailing Philadelphia-based pharmacy chain announced Thursday they have entered into a series of sales agreements and pharmacy services transition agreements.

Rite Aid, which filed for bankruptcy earlier this month, is selling the pharmacy operations at more than 1,000 of its stores to major chains including CVS, Walgreens, Albertsons and Kroger.