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CVS Health Thursday night confirmed plans to “acquire and operate” 64 Rite Aid stores in Idaho, … More Oregon and Washington states as part of a bidding process following Rite Aid’s filing last week for bankruptcy protection, CVS said May 15, 2025. In this photo, a sign marks the location of a new CVS pharmacy May 5, 2004 in Chicago, Illinois. (Photo by Scott Olson/Getty Images) Getty Images CVS Health Thursday night confirmed plans to “acquire and operate” 64 Rite Aid stores in Idaho, Oregon and Washington states as part of a bidding process following Rite Aid’s filing last week for bankrtuptcy protection. CVS appears to be the biggest buyer of Rite Aid stores and pharmacy assets. CVS said it has also agreed to “acquire the prescription files of 625 Rite Aid pharmacies across fifteen states in areas that CVS serves,” CVS said. “Of the 625 file buys, 78 are in Idaho, Oregon and Washington.” Currently, CVS has more than 9,000 CVS Pharmacy locations in 50 states and Washington, D.C. The CVS disclosure comes within hours after Rite Aid said “it has successfully entered into a series of sale agreements and pharmacy services transition agreements,” Rite Aid said. “This includes the rolling transition of pharmacy assets from more than 1,000 store locations across the U.S. to operators including CVS Pharmacy, Walgreens, Albertsons, Kroger, and Giant Eagle, among others, as well as the sale and operation by CVS Pharmacy of many Rite Aid and Bartell Drugs stores located in Washington, Oregon, and Idaho.” It’s unclear whether Walgreens or other buyers will end up operating any Rite Aid brick-and-mortar stores or whether Walgreens and the grocery store chains are only interested in the patient prescription files. Walgreens had no comment when reached Thursday evening. During the transition to CVS, Walgreens and other…

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Filed under: News - @ May 16, 2025 1:24 am