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. CVS Pharmacy was the biggest buyer, snapping up the prescription files of more than 600 Rite Aid stores spanning 15 states and agreeing to buy 64 Rite Aid locations in Idaho, Oregon and Washington. The transactions still have to be approved by the relevant bankruptcy court.
Read the full article: Rite Aid Offloads Pharmacy Assets of 1,000 Locations to Several Rivals //
Source: https://www.cnn.com/2025/05/16/business/rite-aid-pharmacy-sale