Rite Aid is undergoing significant operational downsizing as the drugstore chain prepares to sell its remaining assets following a second bankruptcy filing. The number of store closures has reached at least 497, with ongoing sales reducing its footprint from 1,277 pharmacies. Notable buyers like CVS and Walgreens have secured agreements to obtain valuable prescription files and several physical locations. This trend poses serious challenges for customers in rural areas, raising alarm over the increasing prevalence of pharmacy deserts as local access to medications diminishes.
The Rite Aid pharmacy chain, facing bankruptcy for the second time, is slated to close at least 497 locations, signaling a drastic downsizing of its operations.
Rite Aid's asset sales to CVS and Walgreens raise concerns about pharmacy deserts affecting rural customers who often depend on these outlets for their medications.
Collection
[
|
...
]