More than 70 Rite Aid Stores Set to Close in Pennsylvania
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Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.
Rite Aid is closing Idaho stores and selling prescriptions to CVS, Albertsons, and others. Customers can expect closures within months.
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Rite Aid plans to close hundreds of its U.S. pharmacies but said it would sell some in the Pacific Northwest to CVS Pharmacy. The Philadelphia-based Rite Aid has faced a slew of financial troubles over the past two years. The company first filed for Chapter 11 bankruptcy in 2023, after which it shuttered hundreds of stores nationwide.