Rite Aid comes out of bankruptcy, is now a private company
WEBSep 4, 2024 · PHILADELPHIA (CBS) -- Months after pharmacy chain Rite Aid filed for bankruptcy and got fresh financing amid struggling sales and opioid-related lawsuits, the company says it has completed its...
Rite Aid bankruptcy plan approved, cutting $2 billion in debt
WEBJun 28, 2024 · Rite Aid used its bankruptcy to close hundreds of stores, sell its pharmacy benefit company Elixir, and negotiate settlements with its lenders, drug distribution partner McKesson and other...
Newsroom Home | Rite Aid
WEBFeatured News. September 3, 2024. Rite Aid Corporation Names Matt Schroeder as Chief Executive Officer. Read More. Rite Aid Completes Restructuring Process and Emerges from Chapter 11. Rite Aid Expands Partnership with Instacart to Offer EBT SNAP Online Payment Option from more than 1,400 Locations.
Three reasons why Rite Aid failed - Newsweek
WEBOct 16, 2023 · Rite Aid had been struggling with mounting debt and the cost of hundreds of lawsuits filed against the company for its alleged role in the U.S. opioid crisis.
WSJ: Rite Aid Strikes Deal To Transfer Control Over To Creditors ... - MSN
WEBRite Aid has struck a preliminary deal to transfer ownership of the bankrupt drugstore operator to senior bondholders while also settling lawsuits over its alleged role in overprescribing...
Rite Aid shutting down 27 more locations, bringing closure total …
WEBJun 20, 2024 · Rite Aid is closing 27 more locations as it continues to work through a bankruptcy proceeding, according to a new court filing. The store locations are in Ohio and Michigan. More than 520...
Rite Aid chain reportedly could sell up to 500 stores in ... - NBC News
WEBSep 26, 2023 · Rite Aid, the third-largest U.S. drugstore chain, is reportedly preparing to seek bankruptcy protection and could close 400 to 500 stores.
Rite Aid Averts Total Closure, Wins Restructuring Plan Approval
WEBJun 28, 2024 · Rite Aid Corp. has been cleared to exit bankruptcy after winning court approval on a restructuring plan that’s poised to save the ailing pharmacy chain from liquidation by handing control of...
Rite Aid lays out plan to close 154 stores initially as it seeks ...
WEBOct 20, 2023 · Rite Aid plans to close about 7% of its stores initially, as the drugstore chain makes its way through its Chapter 11 bankruptcy process. The company submitted a list of 154 stores in a court filing. Most of the chain’s stores are on the East and West coasts, and the list reflects that.
Rite Aid's exit from bankruptcy hinges on CEO's $20 million payout
WEBJun 6, 2024 · Rite Aid Corp.’s main lenders are demanding a proposed $20 million payout to Chief Executive Officer Jeffrey Stein be reduced before they fund the company’s exit from bankruptcy, according to...