Rite Aid Corporation
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- Rite Aid Corporation operates as a retail pharmacy chain in the United States, offering prescription medications, over-the-counter drugs, health and beauty products, general merchandise, and wellness services including immunizations, medication therapy management, and health screenings; through its Elixir subsidiary, it previously provided pharmacy benefit management services to millions of members nationwide. Founded in 1962 in Scranton, Pennsylvania, and headquartered in Philadelphia, Pennsylvania, the company historically expanded through numerous acquisitions such as Thrifty PayLess, Eckerd, and Brooks Pharmacy, reaching a peak of over 5,000 stores across multiple states including Pennsylvania, California, New York, New Jersey, Michigan, Ohio, and Washington, where it owned the regional chain Bartell Drugs; it primarily serves individual consumers, Medicare and Medicaid participants, and community markets via its store network and formerly through partnerships like GNC stores-within-stores and Amazon pickup counters. In recent years, Rite Aid underwent significant restructuring, filing for Chapter 11 bankruptcy in October 2023 to address opioid-related lawsuits and debt, emerging as a private company in September 2024 after closing about 38% of stores and selling its Elixir division to MedImpact for approximately $575 million; however, facing renewed liquidity pressures, it filed for a second Chapter 11 bankruptcy in May 2025, selling pharmacy prescription files from over 1,000 locations to competitors including CVS Pharmacy (which acquired files from 626 sites and 63 stores in Idaho, Oregon, and Washington), Walgreens, Albertsons, Kroger, and Giant Eagle, while divesting subsidiaries like Thrifty PayLess and Thrifty Ice Cream to Hilrod Holdings for $19.2 million; by October 2025, Rite Aid completed liquidation of all remaining assets, closed its last 56 stores, and ceased operations entirely.
Rite Aid names 6 more New Hampshire stores for closure as it winds down operations
CVS Pharmacy Says It Gained 9 Million Former Rite Aid Customers
CVS Pharmacy completes acquisition of Rite Aid assets nationwide
Walgreens Committed to Supporting Rite Aid Customers and Employees
Rite Aid weighs repeat bankruptcy filing, WSJ reports
Rite Aid Prepares Repeat Bankruptcy Filing
Rite Aid Shares ‘ABCs' of Allergy Season to Help Nip Symptoms in the Bud
Choate Selected to Receive Restructuring Deal of the Year Award for Rite Aid Transaction
NationsBenefits® Partners with Rite Aid to Enhance Health and Wellness Product Access Through Advanced Technology Integration Nationwide
New Survey from Rite Aid Reveals Gaps in Consumer Awareness and Utilization of Pharmacist Expertise
UFCW 8-Golden State Members Ratify Northern California Rite Aid Contract
Rite Aid Kicks Off “Tackle the Flu” Sweepstakes to Strengthen Community Health During Football Season
Rite Aid to operate as private company as it emerges from Chapter 11 bankruptcy
Rite Aid Completes Restructuring Process and Emerges from Chapter 11
Lynch Carpenter Investigates Claims in Rite Aid Data Breach
Rite Aid says some customers personal information was accessed during a hack
US says Rite Aid to pay $101mln over alleged false rebate reporting
CVS, Walgreens, Rite Aid closing stores: a brick and mortar downfall?
Rite Aid bankruptcy plan approved, cutting $2 bln in debt
Rite Aid asks bankruptcy court to approve its restructuring plan