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...
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...
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Philadelphia-based Rite Aid pharmacy files for Chapter 11 bankruptcyThe bankruptcy process will help Rite Aid reduce more than $3 billion in debt and accelerate store closures.
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Rite Aid files for Chapter 11 bankruptcy overnightRite Aid files for Chapter 11 bankruptcy.
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Rite Aid files for bankruptcy, will close more storesUS pharmacy chain Rite Aid Corp. filed for bankruptcy as it looks to restructure debts, and said it will shutter more stores.
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Rite Aid files for bankruptcyColorado School of Mines Police, Golden Police, the sheriff's office, and a SWAT team were all on campus, searching campus buildings Saturday night.
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Rite Aid files for bankruptcy amid opioid-related lawsuits, declining salesRite Aid files for bankruptcy; gets $3.45 billion commitment.
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