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As Rite Aid collapses, customers and other pharmacies bear the impact
It takes Kathy Younkins just a few minutes to walk to her neighborhood Rite Aid. The 67-year-old has picked up her prescriptions at the company’s Harrison location since the 2000s. But now the Philadelphia-based pharmacy empire is crumbling.
Rite Aid offloads pharmacy assets of 1,000 locations 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. “These agreements ensure our pharmacy customers will experience a smooth transition while preserving jobs for some of our valued team members,
The pending sale of millions of customer health records as part of Rite Aid Corp.‘s bankruptcy proceedings is putting a ...
The loss of roughly 70 community-based pharmacies will cause confusion, disruptions, and inconveniences for patients and ...
This bankruptcy is more final than the one Rite Aid filed in 2023. Rather than just a financial reorganization, the company is putting its remaining 1,200-plus brick-and-mortar locations — down from ...
The Mirror US on MSN9d
Rite Aid to close all locations in one state as it makes brutal bankruptcy decisonRite Aid has become the latest casualty in an increasingly brutal retail landscape as all stores in New York state are set to ...
Bloomberg, citing a letter sent to employees by Rite Aid CEO Matthew Schroeder, reported Monday that Rite Aid intended to file for bankruptcy despite completing its recent restructuring plan.
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