Overview

• Rite Aid has entered into agreements to sell pharmacy assets from over 1,000 stores to CVS, Walgreens, Albertsons, Kroger, and Giant Eagle.
• CVS Health will acquire 64 Rite Aid stores in the Pacific Northwest and prescription files from 625 pharmacies across 15 states.
• The U.S. Bankruptcy Court for the District of New Jersey will hold a hearing on May 21, 2025, to approve the transactions.
• Rite Aid stores will remain operational during the transition, ensuring uninterrupted pharmacy services for customers, including prescriptions and immunizations.
• CEO Matt Schroeder emphasized the agreements aim to preserve jobs for some employees and ensure a smooth transition for customers.