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Rite Aid filed for Chapter 11 bankruptcy protection Sunday, ... It was offered a $17 billion lifeline in 2015 when Walgreens offered to buy the chain. But the deal was met with stiff scrutiny from ...
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Rite Aid, the third-largest U.S. drugstore chain, filed for Chapter 11 bankruptcy protection Sunday, and it's likely the company will close a big chunk of its 2,000 stores.
And Rite Aid filed for bankruptcy last year and will close up to 500 stores. Shifting trends Drug store chains are struggling because of falling reimbursement rates for prescription drugs ...
Going into 2024, Rite Aid announced that it would close an additional 77 locations. [250] 53 more stores were added to the closing list in April 2024. [251] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [252] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company ...
Rite Aid, CVS and Walgreens have also been shuttering stores for years. Rite Aid filed for bankruptcy Sunday and will likely close hundreds of stores. - Angus Mordant/Bloomberg/Getty Images
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