Reported 2 days ago
Rite Aid has sold the pharmacy operations of over 1,000 U.S. stores to competitors like CVS Health Corporation, Walgreens, Albertsons, and Kroger as part of its Chapter 11 bankruptcy process. CVS, as the largest buyer, will acquire prescription records from 600 locations and 64 physical stores in specific states. The sales are pending bankruptcy court approval, but Rite Aid assures customers that pharmacy services will remain operational without disruption. This acquisition allows CVS to expand its market presence in underserved areas.
Source: YAHOO