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 government ...

Rite Aid declared bankruptcy and plans to sell over 1,000 pharmacy ... This latest probe compounds the insurer's recent challenges, including allegations of financial improprieties and soaring ...

Rite Aid first filed for bankruptcy in October 2023, becoming a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal ...

Rite Aid’s return to bankruptcy within a year after completing its prior Chapter 11 shows that when critical vendors aren’t ...

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 workers who were laid off said in a new putative class action that the company violated federal law by failing to ...

Rite Aid, the nationwide pharmacy, has filed for bankruptcy again and will now shutter all of its stores, including 18 on Long Island. While it seeks to close all of its stores, locations can also ...

Washington state is about to lose eight Rite Aid and Bartell Drugs stores. The closure of over 100 sites across the country was approved last week in U.S. Bankruptcy Court. Rite Aid had emerged ...

Rite Aid confirmed Thursday that it had secured a series of deals to sell off more than 1,000 of its stores to multiple pharmacy competitors, including CVS Health and Walgreens. The grocers ...

By Sabrina Valle (Reuters) -Bankrupt U.S. pharmacy chain Rite Aid on Thursday said it agreed to sell pharmacy assets from more than 1,000 store locations in separate transactions to CVS Pharmacy ...

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 ...