Rite Aid is closing 95 more stores
Digest more
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,
A bankruptcy judge on Wednesday approved Rite Aid’s pharmacy asset sales to a variety of buyers. Purchase prices were not disclosed.
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.