Rite Aid Legal Issues

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Rite Aid, Fire Sale

Court Approves Fire Sale of Most of Rite Aid's Pharmacy Assets

By Sabrina Valle and Dietrich Knauth (Reuters) -Bankrupt Rite Aid on Wednesday received court approval to close stores and sell most of its pharmacy assets in separate transactions to CVS, Walgreens,

CNN · 9d

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.

Becker's Hospital Review · 2d

Judge approves Rite Aid assets sale

On May 21, a federal judge approved Rite Aid’s bankruptcy plan to close stores and sell most of its pharmacy assets to other national chains, according to court documents reviewed by Becker’s. CVS, Walgreens,

10d

Second Rite Aid Bankruptcy Underscores Importance of Vendor Role

Rite Aid’s return to bankruptcy within a year after completing its prior Chapter 11 shows that when critical vendors aren’t ...

8don MSN

Here’s where your Rite Aid prescriptions might end up as stores prepare to close

CVS has agreed to buy the bulk of Rite Aid's pharmacy assets. If approved, CVS would acquire the prescription files for 625 ...

Hosted on MSN19d

Rite Aid files for bankruptcy — again

Rite Aid first filed for bankruptcy in October 2023, becoming a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal ...

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