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CVS Completes Purchase of 63 Former Rite Aid Stores, Takes Custody of 626 Pharmacy Files

The court-approved transfer, following Rite Aid’s liquidation, shifts patients to nearby CVS pharmacies to preserve access.

Overview

  • CVS is now operating 63 converted Rite Aid and Bartell Drugs locations in Idaho, Oregon and Washington.
  • The company obtained prescription files from 626 former pharmacies across 15 states, covering more than 9 million customers.
  • Nearly half of CVS sites receiving transferred files are within one mile of a former Rite Aid, and most are within three miles.
  • CVS hired over 3,500 former Rite Aid and Bartell employees and says it invested in staffing, scheduling and training to support the transition.
  • The U.S. Bankruptcy Court in New Jersey approved the asset sales in May; financial terms were not disclosed, and Rite Aid finished closing its last stores on Sept. 29.