Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Editorials & Other Articles

Showing Original Post only (View all)

Passages

(3,307 posts)
Sat May 17, 2025, 08:43 AM May 17

Rite Aid offloads pharmacy assets of 1,000 locations to several rivals [View all]


By Jordan Valinsky, CNN

Published 7:18 AM EDT,
Fri May 16, 2025

New York
CNN

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.

“These agreements ensure our pharmacy customers will experience a smooth transition while preserving jobs for some of our valued team members,” Rite Aid CEO Matt Schroeder said in a statement, adding that the move ensures its customers will “receive the pharmacy services and care they require without interruption.”

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.
https://www.cnn.com/2025/05/16/business/rite-aid-pharmacy-sale

Not a fan of CVS, I will miss my Rite Aid.
3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»Editorials & Other Articles»Rite Aid offloads pharmac...