Directions To Rite Aid Near Me (2024)

FAQs

Is Rite Aid closing stores in Michigan? ›

Rite Aid confirmed Wednesday that it is closing all of its 186 stores in Michigan. Rite Aid filed for Chapter 11 bankruptcy protection in the wake of declining sales, mounting debt and lawsuits accusing it ― and other pharmacies ― of illegally filling prescriptions that have contributed to a nationwide opioid epidemic.

In 2015, Walgreens attempted to buy out Rite Aid, in what would have been a $17.2 billion deal. The deal fell through at the time — Walgreens canceled the merger in June 2017 after the Federal Trade Commission refused to approve it, and as a Plan B bought about 42% of Rite Aid's store network for $4.38 billion.

In 2022, Rite Aid relocated its headquarters from Camp Hill, Pennsylvania to Philadelphia. As of fiscal year 2022, Pennsylvania, with 494 stores, is home to the largest number of Rite Aid locations, followed by California and New York, with 487 and 281 respectively.

Walgreens. In October 2015, Walgreens Boots Alliance agreed to buy Rite-Aid for about $17 billion, including debt, to boost Walgreens' U.S. footprint.

NEW YORK -- Rite Aid filed for Chapter 11 bankruptcy protection Sunday, a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal battles for allegedly filling unlawful opioid prescriptions. The bankruptcy was not a surprise.

We operate more than 1,700 retail pharmacy locations across 16 states with a workforce of more than 45,000 strong.

Alex Grass founded Rite Aid in 1962 originally as Thrift D Discount Center. Rite Aid acquired Envision Pharmaceutical Services for $2 billion in 2015.

Rite Aid and CVS provide similar product offerings. Rite Aid has a brighter, more welcoming atmosphere than CVS. CVS and Rite Aid have rewards programs with similar offerings, discounts and savings. CVS has significantly more locations, spread out in numerous more states than Rite Aid.

Retail pharmacy chain Rite Aid has emerged out of bankruptcy after slashing about $2 billion from its debt, the company announced last week. The company also added about $2.5 billion in exit financing to support the business going forward, Rite Aid said.

The government's complaint alleges that, from May 2014 through June 2019, Rite Aid knowingly dispensed at least hundreds of thousands of unlawful prescriptions for controlled substances that (1) lacked a legitimate medical purpose and were not issued in the usual course of professional practice and/or (2) were not ...

Who is the rival of Walgreens and Rite Aid? ›

Rite Aid is a major player in the drugstore segment of the retail industry. Some of its direct competitors including CVS Health and Walgreens Boots Alliance. The chain also faces competition from major retailer Walmart and pharmacy departments of major national supermarkets.

Rite Aid CEO's $20M salary causes ire among lenders.

181 Rite Aid Stores in New York.

351 Rite Aid Stores in California.