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As Rite Aid collapses, customers and other pharmacies bear the impact
It takes Kathy Younkins just a few minutes to walk to her neighborhood Rite Aid. The 67-year-old has picked up her prescriptions at the company’s Harrison location since the 2000s. But now the Philadelphia-based pharmacy empire is crumbling.
Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt ...
PBMs have argued that they help keep drug prices down. Rite Aid also saw its debt jump to nearly $4 billion following legal challenges and a multi-million dollar settlement with the US ...
But Rite Aid wrestled with challenges facing legacy drugstores, including flatlining reimbursement rates from payers, higher labor costs, lower consumer demand for frontstore merchandise and ...
Rite Aid added 68 more locations ... many associates as possible," Rite Aid CEO Matt Schroeder said in the news release. Schroeder pointed to financial challenges that "intensified by the ...
Rite Aid’s CEO says the company’s financial challenges are due to the quickly changing retail and health care landscapes. The bankruptcy filing notes Rite Aid plans to sell all, or some ...
it has continued to experience a number of financial challenges and that the only viable path forward is to commence Chapter 11 proceedings. Rite Aid is telling its vendors that it “has ...
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