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.