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CVS, Walgreens bid for Rite Aid pharmacy assets
CVS Health Corp. is trying to buy stores and patient data from Rite Aid Corp., the beleaguered pharmacy chain that is going out of business after filing for bankruptcy a second time earlier this month. Meanwhile, other retail giants, including Walgreens Boots Alliance, are bidding for some of the pharmacy's other assets.
Pharmacy chain Rite Aid has begun Chapter 11 bankruptcy proceedings, the company announced on Monday, May 5. Rite Aid CEO Matt Schroeder pointed to financial challenges that "intensified by ...
CVS, Walmart and Amazon. RITE AID TO CLOSE OVER TWO DOZEN STORES AMID BANKRUPTCY PROCEEDINGS "While we have continued to face financial challenges, intensified by the rapidly evolving retail and ...
Rite Aid filed for bankruptcy protection ... to take itself private as part of an acquisition by private-equity firm Sycamore Partners. Meanwhile, CVS, the country’s largest national chain ...
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