Overview

• On June 27, Rite Aid filed its ninth list of closures, adding 123 locations across California, Pennsylvania, New York and five other states to the tally.
• The latest wave brings the total number of pharmacies marked for shutdown to more than 1,000 out of about 1,240 stores covered by the May 5 Chapter 11 filing.
• Most prescription files have been sold to competitors including CVS, Walgreens and Albertsons, and CVS is slated to take over 64 former Rite Aid sites.
• Buyers have been named for several remaining assets, notably the Thrifty ice cream brand linked to Monster Energy investors, with sales subject to imminent court approval.
• The multi-wave closure process began in early May and has intensified concerns about emerging pharmacy deserts in affected communities.