Rite Aid Corp

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Rite Aid Corp. engages in the ownership and management of retail drug stores. It operates through the Retail Pharmacy and Pharmacy Services segments. The Retail Pharmacy segment includes branded and generic prescription drugs, health and beauty aids, personal care products, and walk-in retail clinics. The Pharmacy Services segment offers transparent and traditional pharmacy benefit management for insurance companies, employers, health plans, and government employee groups. The company was founded by Alex Grass on September 12, 1962 and is headquartered in Philadelphia, PA.

Rite Aid

Walgreens

Walgreens Boots Alliance has agreed to pay $192.5 million to settle a class action lawsuit by investors in Rite Aid who accused Walgreens of misleading them in 2017 about scrutiny of the two drugstore chain operators' then-pending merger.

Walgreens to settle Rite Aid investors' merger claims for $192 million

Rite Aid, which just moved into Chapter 11, will close 150 stores. It has 2,300 in 17 states, so the number is likely to rise.

A List of 150 Stores Rite Aid Is Closing

Rite Aid is shuttering over 150 stores as it seeks to restructure their business following years of legal issues tied to the opioid crisis and sagging sales.

Rite Aid closing 154 stores in 15 states: Here's the list

Rite Aid plans to shutter 154 stores, many of them in Pennsylvania and California, as part of its bankruptcy plans, according to an initial list of those closures published in court documents filed on Tuesday. That list was released after the drugstore chain filed for chapter 11 bankruptcy protection in New Jersey over the weekend, amid billions in debt related to opioid lawsuits.

Rite Aid is closing 154 stores as part of bankruptcy

Rite Aid warned investors it may not be able to keep its business running.

Rite Aid lost more than $1 billion in months before bankruptcy filing

Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring efforts.

Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list

The bankrupt pharmacy giant has included a partial list of underperforming locations in a recent court filing. The big chain pharmacy industry is going through upheaval in 2023.

Rite Aid stores closing: Full list of 150 pharmacy locations targeted to shutter in 15 states

U.S. drugstore chain Rite Aid raised concerns about its ability to remain in business in a regulatory filing, days after it filed for bankruptcy protection.

Drugstore chain Rite Aid raises going concern doubts

McKesson

Pharmacy chain Rite Aid has settled a critical dispute with drug supplier McKesson Corp to ensure that customers' prescriptions will continue to be filled during Rite Aid's bankruptcy, attorneys said on Tuesday.

Bankrupt Rite Aid resolves drug supply dispute with McKesson

Trading in Rite Aid's stock was halted premarket Monday after the company filed for chapter 11. Bonds issued by Rite Aid RAD also sold off heavily.

Shares of bankrupt Rite Aid plunge despite meme-stock chatter

Rite Aid filed plans to close 154 stores on Monday as part of its Chapter 11 bankruptcy. The chain had about 2,100 stores around the US headed into its bankruptcy.

Rite Aid is planning to close about 150 locations. See if your local store is on the list.

PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Company”) today announced that it has received approvals from the U.S. Bankruptcy Court for the District of New Jersey for its “First Day” motions related to the Company's voluntary Chapter 11 petitions filed on October 15, 2023. The Court granted interim approval to access up to $3.45 billion in debtor-in-possession financing from certain of its lenders. This financing is expected to provide sufficient liquidi.

Rite Aid Receives Court Approval of "First Day" Motions to Support Business Operations

News for Rite Aid Corp Stock (RADCQ)