Overview

• Rite Aid has announced the closure of 95 additional stores across six states, bringing the total closures since its May 2025 bankruptcy filing to 210.
• Over 70 of the newly announced closures will occur in Pennsylvania, the hardest-hit state in the restructuring process.
• The company has finalized agreements to sell prescription files for over 1,000 locations to CVS, Walgreens, Albertsons, Kroger, and Giant Eagle.
• CVS plans to acquire prescription files for 625 locations and take over 64 physical Rite Aid stores, primarily in Washington, Oregon, and Idaho.
• A U.S. Bankruptcy Court hearing on May 21, 2025, will determine the approval of these sale agreements, which aim to ensure continuity of pharmacy services for customers.