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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.
CVS has agreed to buy the bulk of Rite Aid's pharmacy assets. If approved, CVS would acquire the prescription files for 625 ...
The buyers include rivals CVS Pharmacy, Walgreens and others. Grocery-anchored centers are the 'darling' of real estate ...
Rite Aid used to be a pharmacy juggernaut with 2,100 pharmacies in 17 states, and 60 years of operations under its belt. The Pennsylvania-based company brought in more than $24 billion in annual ...
Rite Aid is telling its vendors that it “has generally stopped purchasing goods and services.” In a letter to customers that ...
Related: Popular formerly bankrupt retail chain makes brick-and-mortar comeback For over 60 years, Rite Aid has been many ...
The pending sale of millions of customer health records as part of Rite Aid Corp.‘s bankruptcy proceedings is putting a ...
More than 100 Rite Aid pharmacies nationwide — including 12 in Oregon — are on the chopping block. The Philadelphia-based ...
Locally there are 12 Rite Aid locations in the San Luis Obispo and northern Santa Barbara County area. The stores are ...
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