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 ...

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 workers who were laid off said in a new putative class action that the company violated federal law by failing to ...

With the recent announcement of Rite Aid’s bankruptcy that will close thousands of stores ... “Come (this summer), you’re going to see people with pharmacy access issues.” If you have an account and ...

The pending sale of millions of customer health records as part of Rite Aid Corp.‘s bankruptcy proceedings is putting a ...

By Sabrina Valle (Reuters) -Bankrupt U.S. pharmacy chain Rite Aid on Thursday said it agreed to sell pharmacy assets from more than 1,000 store locations in separate transactions to CVS Pharmacy ...

Rite Aid confirmed Thursday that it had secured a series of deals to sell off more than 1,000 of its stores to multiple pharmacy competitors, including CVS Health and Walgreens. The grocers ...