Overview

• Rite Aid, burdened by $8 billion in debt and legal challenges, filed for Chapter 11 bankruptcy for the second time on May 5, 2025.
• The company has secured $1.94 billion in financing to sustain operations as it sells or closes stores and restructures its business.
• An additional 68 stores across seven states have been identified for closure, pending court approval, following a previous announcement of 47 closures.
• Nearly all of Rite Aid's 1,240 remaining locations are expected to be listed for sale as part of its restructuring plan.
• Pharmacy services, including prescriptions and immunizations, will remain available, with plans to transfer prescriptions as stores wind down.