Rite Aid sells pharmacy operations to CVS, Walgreens, Albertsons, and Kroger during bankruptcy

From Yahoo Finance: 2025-05-18 18:00:00

Rite Aid has sold the pharmacy operations of over 1,000 U.S. stores to CVS Health Corporation, Walgreens, Albertsons, and Kroger as part of its Chapter 11 bankruptcy process.

CVS emerged as the largest buyer, acquiring prescription records from 600 Rite Aid locations and agreeing to purchase 64 physical stores in Idaho, Oregon, and Washington pending court approval.

Despite the sales, Rite Aid reassured customers that stores remain open, ensuring a smooth transition for pharmacy customers and retaining some employees.

The acquisition of additional stores by CVS presents a strategic opportunity for expansion in areas with fewer locations relative to population density, boosting investor interest with consistent dividend payments.

While CVS shows growth potential, some AI stocks may offer higher returns with limited downside risk, presenting alternative investment opportunities for those seeking promising options beyond traditional pharmacy stocks.



Read more at Yahoo Finance: Rite Aid to Sell Majority of U.S. Pharmacy Operations to Rivals, Including CVS Health Corporation (CVS)