A federal bankruptcy court has approved the sale of pharmacy assets from more than 800 Rite Aid stores to CVS Health, Walgreens and grocery store chains including Kroger and Albertsons. The pharmacy assets include 64 brick-and-mortar Rite Aid stores in Idaho, Oregon and Washington that will be taken over by CVS, which also had a bid on the prescription files of 625 Rite Aid pharmacies across 15 states approved, CVS said Wednesday evening. The sale of remaining pharmacy assets that were also approved by the court are largely prescription files that will be purchased by rival drugstore chain Walgreens and grocers Albertsons, Kroger, and Giant Eagle.
Read the full article: Court OKs Rite Aid Pharmacy Asset Sale to CVS, Walgreens and Grocers //
Source: https://www.forbes.com/sites/brucejapsen/2025/05/21/court-oks-rite-aid-pharmacy-asset-sale-to-cvs-walgreens-and-grocers/