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’s return to bankruptcy within a year after completing its prior Chapter 11 shows that when critical vendors aren’t prepared to move forward with business as usual, even a carefully crafted plan risks failure.

CVS has agreed to buy the bulk of Rite Aid's pharmacy assets. If approved, CVS would acquire the prescription files for 625 stores, including some in Pennsylvania, New Jersey, and Delaware.

But eight months later, Rite Aid found itself back in the same position earlier this month when it filed for bankruptcy a second time, citing unforeseen liquidity issues. At that point ...

PBMs have argued that they help keep drug prices down. Rite Aid also saw its debt jump to nearly $4 billion following legal challenges and a multi-million dollar settlement with the US government ...

Rite Aid plans to sell the pharmacy assets of its 1,000-plus locations nationwide to several competing chains, including CVS Pharmacy and Walgreens. In a May 15 press release, the now-bankrupt ...

Rite Aid has announced that it is set to close 115 stores as part of the Chapter 11 bankruptcy proceedings it began earlier this month. The company published a slate of 47 closing stores in an ini ...

Rite Aid workers who were laid off said in a new putative class action that the company violated federal law by failing to give them adequate notice ahead of its bankruptcy.