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Tag: Rite Aid

Rite Aid is closing more than 150 stores. Here’s where they are.
18Oct By adminNo Comments
Money

Rite Aid is closing more than 150 stores. Here’s where they are.

Rite Aid files for bankruptcy Rite Aid files for bankruptcy 00:21 Rite Aid plans to shutter 154 stores nationwide as part of its recent bankruptcy filing, including about 40 locations in its home state of Pennsylvania.The pharmacy chain listed every location set for closure in bankruptcy court documents filed Tuesday, but didn't disclose when each store would be shuttered. Rite Aid declared bankruptcy this week amid slumping sales and mounti...
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Rite Aid’s Tactic For Opioid Litigation: Bankruptcy Without A Deal
16Oct By adminNo Comments
World

Rite Aid’s Tactic For Opioid Litigation: Bankruptcy Without A Deal

Oct. 16, 2023 7:27 pm ET|WSJ ProRite Aid appears to be pursuing a novel strategy to handle a huge number of opioid-related lawsuits by sidestepping plaintiffs until after filing for bankruptcy.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Our Intelligence. Your Advantage.Sign in or subscribe for access to peerless insight & analysis, curated data & interactives, and networking events.
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Rite Aid files for bankruptcy amid opioid-related lawsuits and falling sales
16Oct By adminNo Comments
Money

Rite Aid files for bankruptcy amid opioid-related lawsuits and falling sales

Philadelphia — Major U.S. pharmacy chain Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.In 2022, Rite Aid settled for up to $30 million to resolve lawsuits alleging pharmacies contributed to an oversupply of prescription opioids. It said it had reached an agreement with its creditors on a financial restructuring plan to cut its debt and position itself for future growth and that the bankruptcy filing was part of that process. The plan will "significantly reduce the company's debt" while helping to "resolve litigation claims in an equitable manner," Rite Aid said. In March, the Justic...
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Rite Aid Files for Bankruptcy, Undone by Years of Losses
16Oct By adminNo Comments
World

Rite Aid Files for Bankruptcy, Undone by Years of Losses

Updated Oct. 15, 2023 10:35 pm ETYour local Rite Aid drugstore could soon disappear, a casualty of years of losses and failed mergers. In the end, Rite Aid was too small and too poor to pay the costs of lawsuits related to the opioid epidemic.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Rite Aid Files for Bankruptcy, Undone by Years of Losses
16Oct By adminNo Comments
World

Rite Aid Files for Bankruptcy, Undone by Years of Losses

Your local Rite Aid drugstore could soon disappear, a casualty of years of losses and failed mergers. In the end, Rite Aid was too small and too poor to pay the costs of lawsuits related to the opioid epidemic.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Rite Aid Prepares Bankruptcy That Would Halt Opioid Lawsuits
25Aug By adminNo Comments
World

Rite Aid Prepares Bankruptcy That Would Halt Opioid Lawsuits

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