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

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 battles ..

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

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, ...

Rite Aid has declared bankruptcy for the second time in less than two years, as part of a plan to sell off its pharmacies, inventory, and other assets. The Philadelphia-based pharmacy chain officially ...

Court Approves Fire Sale of Most of Rite Aid's Pharmacy Assets By Sabrina Valle ... or defer that process to address specific landlord issues," Kaplan said. The Pennsylvania-based company entered ...

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, ...

PBMs have argued that they help keep drug prices down. Rite Aid also saw its debt jump to nearly $4 billion following legal challenges and a multi-million dollar settlement with the US government ...

But eight months later, Rite Aid found itself back in the same position earlier this month when it filed for bankruptcy a second time, citing unforeseen liquidity issues. At that point ...

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 ...

However, they’ve struggled to keep up with Amazon, Target and other retailers and have also had issues with theft, which has chipped away their profitability. Rite Aid on Monday announced it is ...