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Hugh Cameron

By Hugh Cameron

Reporter

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Rite Aid has announced a further string of closures as the company continues to dispose of its assets amid the ongoing bankruptcy process.

In its latest notice of additional store closures, filed last week with the U.S. Bankruptcy Court for the District of New Jersey, the embattled pharmacy chain announced an additional 114 locations that had been marked for closure.

Why It Matters

In May, Rite Aid announced that it would again be entering the Chapter 11 process, having done so in October 2023, and that it would be selling off and closing its roughly 1,200 locations as a result. Prior to the most recent filing, Rite Aid had already announced more than 1,000 store closures as of late June.

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While many of these locations have already been sold to other operators such as CVS and Walgreens, the string of pharmacy chains that have taken place over the past few years have raised concerns that this could limit Americans' access to essential medications, as communities increasingly find themselves in so-called "pharmacy deserts" without a sufficient number of nearby drugstores.

Locations Marked For Closure

According to its most recent closure notice on July 3, these are the additional locations Rite Aid plans on shuttering over the coming weeks.

California

Connecticut

Delaware

Idaho

Maryland

New Hampshire

New Jersey

New York

Ohio

Oregon

Pennsylvania

Vermont

Washington

What Happens Next

It is unclear when the stores will shutter for good, though employees at certain locations in Pennsylvania and Connecticut have told local media that they expect to close in August.

Many of Rite Aid's locations and pharmacy assets, including prescription files, have already secured buyers. Late last month, the company received court approval to sell its Thrifty Ice Cream brand for $19 million.

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