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Rite Aid filed for bankruptcy as it faced slumping sales and more than a thousand federal, state and local lawsuits accusing it of fueling the opioid epidemic by illegally filling painkiller...
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...
On October 15, 2023, Rite Aid and certain of its subsidiaries, including those that comprise the Elixir pharmacy and benefits business, filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of New Jersey.
PHILADELPHIA (CBS) -- Months after pharmacy chain Rite Aid filed for bankruptcy and got fresh financing amid struggling sales and opioid-related lawsuits, the company says it has completed...
A U.S. bankruptcy judge on Friday approved Rite Aid 's restructuring plan, allowing the pharmacy chain to cut $2 billion in debt and turn over control of the company to a group of its lenders.
Through this process, Rite Aid has eliminated approximately $2.0 billion of total debt. Additionally, the Company has received approximately $2.5 billion in exit financing to support the...
Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.
Rite Aid, one of the largest pharmacy chains in the United States, filed for bankruptcy on Sunday, weighed down by billions of dollars in debt, declining sales and more than a thousand...
Rite Aid has filed for bankruptcy and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. The drugstore chain said late Sunday it also has obtained $3.45 billion in fresh financing from some of its lenders.
Rite Aid Corp. has been cleared to exit bankruptcy after winning court approval on a restructuring plan that’s poised to save the ailing pharmacy chain from liquidation by handing control of...