Overview

• Rite Aid's second bankruptcy in two years has led to the court-approved sale of pharmacy assets to 13 buyers, including CVS, Walgreens, Albertsons, and Kroger.
• CVS is acquiring prescription files from 625 pharmacies across 15 states and will take over 64 physical Rite Aid stores in Washington, Oregon, and Idaho.
• Walgreens will purchase prescription files from Rite Aid stores in nine states but will not acquire any brick-and-mortar locations.
• Rite Aid plans to close over 200 stores while keeping others open during the transition to ensure uninterrupted pharmacy services for customers.
• An auction for Rite Aid's remaining assets, including unsold prescription files and other business units, is scheduled for June 2025.