Rite AID has closed all its stores after more than six decades in business.
The pharmacy chain made the announcement in A publication On their website, stating: “All Rite’s help stores have now closed. We thank our loyal customers for their many years of support.”
ABC News communicated with the company to comment, but did not receive an immediate response.
Despite its long history in the pharmacy industry, Rite Aid has faced growing financial challenges in recent years. The company more recently Presented for bankruptcy protection In May, only eight months after emerging from a previous presentation of Chapter 11 in September 2024.
At that time, Rite AID, which operated more than 1,200 stores in 15 states from California to Vermont, said he planned to keep the stores open while selling assets to avoid interrupting customer prescription services.
The company also announced that it had assured $ 1.94 billion in new financing of existing lenders to remain operational during bankruptcy procedures.
On October 16, 2023, a rite aid is seen in the neighborhood of Crown Heights of Boroklyn Borough in New York City.
Michael M. Santiago/Getty Images
Rite Aid had first Presented for bankruptcy chapter 11 In October 2023, which allows you to reduce billions in debt and close hundreds of low yield stores. Together with the decrease in sales, the company has also faced more than 1,000 federal, state and local demands that allege its pharmacies full of recipes for analgesics, according to the New York Times.
In March 2023, the United States Department of Justice He filed a complaint accusing Rite’s help to fill “illegal recipes for controlled substances” that showed multiple red flags for misuse, accusations that the company has denied.
As part of his first bankruptcy reorganization, Rite Aid reached an agreement With the Department of Justice in June 2024, solving those accusations under the Law of False Claims and the Law of Controlled Substances. According to the agreement, the company agreed to pay the government $ 7.5 million and have an unusual general claim in the case of Rite Aid bankruptcy, which are being handled through the judicial process. Rite help I did not admit to any irregularity.
The second bankruptcy presentation of the Company in May 2025 was arrested most of the remaining demands related to opioids, including cases presented by state and local governments, as well as the individual plaintiffs that are now handled through the process of bankruptcy claims, while Rite Aid works through their plan to eliminate their plan that remains under the judicial review of the judicial review of the judicial review of the judicial review of United States administrator.
Rite AID has denied accusations in these demands and in a statement in 2023 said he sought a “equitable” resolution of opioid claims through the chapter 11 process.
Founded in 1962 as a Thrift D discount center in Scranton, Pennsylvania, Rite AID became the third largest independent pharmacy chain in the country before its final closure.
