CVS bids to take over Bartell Drugs, Rite Aid locations in Pacific Northwest

KIRO 7 News Staff

Thu, May 15, 2025, 4:50 PM 1 min read

Bankrupt pharmacy concatenation Rite Aid announced Thursday that it has agreed to merchantability much than 1,000 of its stores to a radical of competitors, including CVS Pharmacy, Walgreens, Albertsons, Kroger and Giant Eagle.

In a regulatory filing, the institution confirmed that CVS volition instrumentality implicit and run galore Rite Aid and Bartell Drugs locations successful Washington, Oregon and Idaho.

The transactions are portion of a court-supervised income process that aims to rapidly offload Rite Aid’s pharmacy assets.

Despite the sales, the institution said its stores volition stay unfastened during the transition, and customers tin proceed to entree pharmacy services specified arsenic medicine refills and immunizations without disruption.

The store income travel conscionable weeks aft Rite Aid filed for bankruptcy for the 2nd time successful little than 2 years.

The institution said its struggling retail concern had severely weakened currency flow, making it hard to replenish inventory and conscionable its fiscal obligations.

Rite Aid received support from U.S. Bankruptcy Judge Michael Kaplan to determination up with expedited merchantability procedures, aiming to finalize agreements and person tribunal support by a proceeding scheduled for May 21.

As portion of the bankruptcy process, Rite Aid has besides warned employees of imaginable layoffs. The Pennsylvania-based institution entered bankruptcy with much than $2 cardinal successful debt.

According to Reuters, CVS and Rite Aid some confirmed the store acquisition plans, but Walgreens declined to comment. The different imaginable buyers person not yet responded to media inquiries.

Bloomberg had antecedently reported CVS’s bid arsenic the largest successful the ongoing plus sale.