Overview

• Rite Aid announced the closure of 118 additional outlets across 11 states in documents filed June 20.
• The total number of store closures has topped 800, accounting for nearly 74% of its 1,277 pharmacies as of its May 5 bankruptcy filing.
• CVS has agreed to acquire 64 Rite Aid stores across Idaho, Oregon and Washington.
• Walgreens will take over prescription files from select Rite Aid pharmacies in nine states.
• A court-approved auction is set to sell off the chain’s remaining assets.