Rite Aid, CVS
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Rite Aid has sold the pharmacy services of most of its stores across the United States to several rivals. The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.
10don MSN
After receiving feedback from the Federal Trade Commission that led Rite Aid and Walgreens to believe that they would not be able to obtain the clearance to complete the merger, the two companies terminated the original merger agreement, and simultaneously entered into an asset purchase agreement on June 28, 2017.
That chain is, of course, closing all of its locations, but it did recently share some positive news with customers. When your local pharmacy closes down, the challenge becomes "where do I fill my prescriptions?