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Those agreements were approved in U.S. Bankruptcy Court, according to Reuters. Prescription files will be transferred from 15 Rite Aid stores to these locations this week: ...
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Rite Aid, the third-largest standalone pharmacy chain in the U.S., was founded in 1962 as Thrif D Discount Center in Scranton, Pennsylvania. The chain now has over 1,200 stores in 15 states from ...
Apart from the stores to be auctioned, Rite Aid laid out a list of locations it plans for a first wave of closures. According to the docket, the plan still needs to be approved.
CAR WAS STOPPED IN NEW HAMPSHIRE. RIGHT NOW, RITE AID IS FILING FOR BANKRUPTCY A SECOND TIME AND HOPING TO SELL OFF ALL OF ITS ASSETS. THE CEO OF RITE AID MADE THAT ANNOUNCEMENT YESTERDAY. HE SAYS ...
Following changes after the October 2023 Chapter 11 protection filing, Rite Aid still had $2.5 billion in debt when it emerged from bankruptcy as a private company owned by its lenders in 2024.
Rite Aid said then that its initial voluntary Chapter 11 filing would allow it to slash debt and resolve litigation. The company sold its relatively small pharmacy benefits management business ...
Court documents associated with Rite Aid’s previous bankruptcy, submitted Monday, accused the company of failing to make more than $32,400 in post-petition payments to Cape Sales, a merchandise ...
Rite Aid first filed for Chapter 11 back in 2023, a move that was intended to help the company reduce its debt. As part of the process, the chain received a financing commitment of $3.45 billion ...
Rite Aid emerges from bankruptcy as a private company PHILADELPHIA (CBS) -- Months after pharmacy chain Rite Aid filed for bankruptcy and got fresh financing amid struggling sales and opioid ...