Coverage dated October 15, 2023 to October 17, 2023
Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
Headline from WTOP Washington DC, on the newest of 2 developments
Rite Aid’s plan to close more stores as part of its bankruptcy process could hurt access to medicine and care, particularly in some majority Black and Hispanic neighborhoods and in rural areas…
WTOP Washington DC's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Developments in this update
2 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Rite Aid files for Chapter 11 bankruptcy; some Lehigh Valley stores closed in advance of the move
Headline from WFMZ Allentown ·
Newest
Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
Major US 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.
PHILADELPHIA (AP) — 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.
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
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.
The Philadelphia-based chain has been laboring under more than $3 billion of long-term borrowings. The situation worsened after a U.S. government claim it filled unlawful prescriptions for opioid painkillers.
Pharmacy retailer Rite Aid filed for Chapter 11 bankruptcy protection on Sunday as it struggled with rising debt, falling sales and intense competition from rivals like Walgreens and CVS.
Rite Aid, which owns Bartell Drugs, has filed for bankruptcy as it faces a debt load of more than $3 billion and claims over its role in the opioid epidemic.
Rite Aid Corp filed for Chapter 11 bankruptcy on Sunday, as it comes under pressure from lawsuits alleging that the drugstore chain helped fuel the opioid
Drugstore company Rite Aid filed for bankruptcy, facing slowing sales and opioid litigation. The company will also close underperforming stores according to a turnaround plan agreed upon by its key creditors.
US pharmacy chain Rite Aid filed for bankruptcy Sunday, the company said, after suffering declining sales and legal threats over its alleged involvement
