Which Rite Aid Locations Are Closing In My Area?

Rite Aid, a pharmacy chain that filed for bankruptcy last year, is facing multiple closures as part of its bankruptcy process. The chain has 2,253 stores as of September 3, and the U.S. Bankruptcy Court in New Jersey approved the closures. Rite Aid has identified additional stores targeted for closure as it looks to exit bankruptcy after winning court approval for a restructuring.

The chain plans to close 154 stores nationwide as part of its recent bankruptcy filing, including about 40 locations in Pennsylvania. The company has also announced another 55 locations across 14 states that will close as it works through bankruptcy proceedings.

In Michigan, all MI stores are closing in phases over the next few months, with prescription records being transferred to a nearby Walgreen store. Rite Aid pharmacies have steadily closing, including four in New Hampshire. The chain filed for bankruptcy in October, and the closures are expected to impact stores in Michigan, Allegan, Almont, Ann Arbor, and Virginia.

Rite Aid has previously stated it would transfer patients’ prescriptions to a nearby Walgreen store. The chain has also announced plans to close ten additional stores, adding to the number the company has closed since filing for Chapter 11 bankruptcy in October.

Is Rite Aid closing in Michigan 2024?

Rite Aid has verified that it will cease operations at all of its Michigan locations subsequent to the filing of a petition for bankruptcy in 2023. The company filed for bankruptcy in 2023 due to the financial burden of maintaining underperforming stores, which were subject to high rent costs. In 2022, the company reached a settlement of up to $30 million following allegations that its pharmacies had contributed to an oversupply of prescription opioids. The latest closure will have an impact on over 170 stores in Michigan.

Which Rite Aid stores will close in NH?

Rite Aid, a leading drugstore chain, has announced the closure of several locations in New Hampshire, including four in Milford. The chain filed for bankruptcy in October last year and has since announced the closures of hundreds of stores. With approximately 1, 700 retail pharmacy locations across 16 states, Rite Aid has a strong presence on both the East and West Coasts, employing over 51, 000 associates.

What company bought out Rite Aid Pharmacy?

Walgreens Boots Alliance is set to acquire Rite Aid for $17. 2 billion in an all-cash transaction. Rite Aid, founded in 1962, was initially Thrift D Discount Center. The company changed its name to Rite Aid Corporation in 1968 before its IPO on the American Stock Exchange (AMEX). In 1970, its stock moved to the New York Stock Exchange (NYSE). Rite Aid has faced growth, scandals, and deals with Walgreens and Albertsons. In 2015, it acquired Envision Pharmaceutical Services for $2 billion. Former Rite Aid executives admitted to overstating net income between 1997 and 2000.

Is Walgreens taking over Rite Aid?

In 2015, Walgreens attempted to buy Rite Aid for $17. 2 billion, but the deal fell through due to the Federal Trade Commission’s refusal to approve it. In June 2017, Walgreens canceled the merger and bought 42 of Rite Aid’s stores for $4. 38 billion. A recent lawsuit accuses Walgreens Boots Alliance of downplaying antitrust regulator scrutiny, with the settlement still requiring approval from a federal judge in Pennsylvania.

Which Rite Aid stores are closing in California in 2024?

Rite Aid, a popular drugstore chain, has announced 27 more locations will close in 2024. The company, known for its one-stop shop for snacks, toiletries, and prescriptions, announced the closures as part of its filing of voluntary Chapter 11 bankruptcy petitions in October 2023. CEO Jeffrey S. Stein stated in a letter to customers that underperforming stores will be closed as part of the process. If a local store is affected, Rite Aid will make every effort to ensure access to health services at another Rite Aid or nearby pharmacy.

Why is Rite Aid in trouble?

Rite Aid has filed for Chapter 11 bankruptcy protection, citing a challenging environment for drug stores, a runner-up status to larger chains, and expensive legal battles for allegedly filling unlawful opioid prescriptions. The bankruptcy was not a surprise, as Rite Aid’s bigger rivals, CVS and Walgreens, are also facing similar problems, closing stores, and Amazon and big-box chains like Walmart, Target, and Costco offering more customer-friendly alternatives. However, Rite Aid is in worse financial shape than its competitors and is unable to weather the industry’s downturn.

Which stores in California are Rite Aid closing?

Rite Aid has announced the closure of 98 stores in California, including 6305 York Blvd. in Los Angeles, 910 Diablo Ave. in Novato, and 1825 E. Chapman Ave. in Orange. The company has been closing hundreds of stores since filing for bankruptcy in October. Of the 699 stores announced in bankruptcy filings, 80 are in Pennsylvania, where Rite Aid is based. The company has been based in East Pennsboro Township for decades.

What is the Rite Aid scandal?

The US government has filed a complaint alleging that Rite Aid knowingly dispensed at least hundreds of thousands of unlawful prescriptions for controlled substances from May 2014 to June 2019. These prescriptions included the dangerous “trinity” combination of drugs, excessive quantities of opioids, and prescriptions issued by prescribers identified as suspicious. The government claims that Rite Aid filled these prescriptions despite clear “red flags” that indicated the prescriptions were unlawful.

Rite Aid also allegedly ignored substantial evidence of its stores dispensing unlawful prescriptions and intentionally deleted internal notes about suspicious prescribers. The government alleges that Rite Aid violated the CSA and the Federal Food and Drug Administration (FDA) by knowingly dispensing unlawful prescriptions for controlled substances. The complaint names Rite Aid Corporation, Rite Aid Hdqtrs Corp., Rite Aid of Connecticut Inc., Rite Aid of Delaware Inc., Rite Aid of Maryland, Rite Aid of Michigan, Rite Aid of New Hampshire, Rite Aid of New Jersey, Rite Aid of Ohio, Rite Aid of Pennsylvania, and Rite Aid of Virginia as defendants.

The Department of Health and Human Services Office of Inspector General (HHS-OIG) is entering into a Corporate Integrity Agreement with Rite Aid, which includes a prescription drug claims review to have an Independent Review Organization determine whether prescription drugs are properly prescribed, dispensed, and billed.

Is Rite Aid in Merrimack NH closing?

In the wake of the company’s bankruptcy filing earlier this week, Rite Aid in Merrimack, one of 54 Rite Aids in New Hampshire, has ceased operations. It remains uncertain whether this closure will have ramifications for other locations.

Why is Rite Aid empty?

Rite Aid, a US drugstore chain, filed for bankruptcy last year due to opioid-related lawsuits, slowing sales, and mounting debt. The company received approval from a bankruptcy court judge to restructure its business, allowing creditors to control it. Rite Aid has closed hundreds of stores to improve operations, with personal hygiene aisles nearly cleared out and household cleaning supplies scarce. The food aisles are hit or miss depending on the type of snack being sought.