Rite Aid to Close All Michigan Stores Amid Bankruptcy
Pharmacy chain to transfer prescriptions to Walgreens as part of nationwide restructuring efforts
- Rite Aid has announced the closure of all its stores in Michigan, impacting over 180 locations.
- Prescriptions from closed stores will be automatically transferred to Walgreens unless customers opt for alternatives.
- The company has filed for Chapter 11 bankruptcy protection to reduce debt and improve financial flexibility.
- Since October 2023, Rite Aid has closed nearly 550 stores across the U.S., including 27 more recent closures in Michigan and Ohio.
- Rite Aid faces challenges from competitors and legal issues related to the opioid crisis.