Rite Aid Corporation (“Rite Aid” or the “Company”) today announced that it is pursuing a strategic and value-maximizing sale process for substantially all

Rite Aid is telling its vendors that it “has generally stopped purchasing goods and services.” In a letter to Rite Aid vendors that was included in its bankruptcy filing, it said it has stopped purchases except “for those that it believes are essential to supporting this process”.

Rite Aid won court approval to run an expedited process to sell customers’ prescription information to rival pharmacies as the bankrupt firm prepares to unload or close its stores.

Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in September 2024.

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.