Back to today’s briefing

Story perspectives

Rite Aid Files Bankruptcy, Closes 150 Stores Amid Transition

5/23/2025

45 10

Summary

Story summary

Rite Aid has filed for Chapter 11 bankruptcy, intending to close over 150 stores and sell pharmacy assets.
A New Jersey judge has authorized the transfer of prescription files from 1,000 Rite Aid locations to new operators.
The company is focused on maintaining pharmacy services during the transition and safeguarding employee jobs.

1 of 1

Story summary

Rite Aid has filed for Chapter 11 bankruptcy, intending to close over 150 stores and sell pharmacy assets.
A New Jersey judge has authorized the transfer of prescription files from 1,000 Rite Aid locations to new operators.
The company is focused on maintaining pharmacy services during the transition and safeguarding employee jobs.