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 added 68 more locations ... many associates as possible," Rite Aid CEO Matt Schroeder said in the news release. Schroeder pointed to financial challenges that "intensified by the rapidly ...

But Rite Aid wrestled with challenges facing legacy drugstores, including flatlining reimbursement rates from payers, higher labor costs, lower consumer demand for frontstore merchandise and ...

Rite Aid’s CEO says the company’s financial challenges are due to the quickly changing retail and health care landscapes. The bankruptcy filing notes Rite Aid plans to sell all, or some ...

Be advised … Rite Aid customers have until June 4 to use gift cards. The same deadline applies for return and exchanges. Furthermore, it stopped issuing Rite Aid ...

Rite Aid has been a proud provider of pharmacy services and products to our loyal customers. While we have continued to face financial challenges, intensified by the rapidly evolving retail and ...

Rite Aid first filed for bankruptcy in October 2023, becoming a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal ...

it has continued to experience a number of financial challenges and that the only viable path forward is to commence Chapter 11 proceedings. Rite Aid is telling its vendors that it “has ...

Prescriptions at affected locations will be transferred to other pharmacies. Rite Aid’s CEO says the company’s financial challenges are due to the quickly changing retail and health care landscapes.