Financial details were not disclosed, and sale documents redacted purchase prices for Rite Aid’s assets, which went to retail pharmacy chains like CVS and Walgreens, along with grocers ...

Rite Aid also explored sale offers. Walgreens attempted to buy it for about $9.4 billion a decade ago, when Rite Aid ran more than 4,600 stores. But the larger drugstore chain eventually scaled ...

Above: Rite Aid deadline for returns approaching. (WHTM) — Rite Aid says they have a buyer for the pharmacy assets of more than 1,000 stores. The ailing Philadelphia-based pharmacy chain ...

KEY TAKEAWAYS Rite Aid received court approval to sell most pharmacy assets to CVS, Walgreens. Bankruptcy Judge Kaplan prioritized prescription transfers over landlords' concerns in the asset sale.

Rite Aid’s massive collapse continues as seven more stores are now set to disappear. The seven locations are on the latest list that Rite Aid announced in a bankruptcy filing on Friday. The stores are ...

The agreements include moving pharmacy assets from more than 1,000 Rite Aid locations across the U.S. to operators that include CVS Pharmacy, Walgreens, Albertsons, Kroger, Giant Eagle and others.

Rite Aid and WBA expect to continue to transfer ownership of the stores in phases over the coming months, with the goal being to complete the store transfers in spring of 2018.

As of January 22, 2018, Rite Aid has transferred 625 stores and related assets to WBA, and has received cash proceeds of $1,309.8 million, which it is using to repay all of its $970 million of ...

Rite Aid is seeking to sell “substantially all its assets” and has initiated Chapter 11 bankruptcy proceedings for the second time in less than two years to facilitate the process.

As of Jan 22, 2018, Rite Aid has transferred 625 stores and related assets to Walgreens, generating net cash proceeds of $1,309.8 million.