CVS Health Completes Purchase Of Rite Aids, Adds 9 Million Customers
1. CVS acquired 63 Rite Aid stores in three states and prescription files. 2. Acquisition follows Rite Aid's second bankruptcy, avoiding additional debt. 3. CVS hired over 3,500 former Rite Aid employees post-acquisition. 4. The deal enhances CVS's pharmacy services and local community presence. 5. Financial terms remain undisclosed; CVS strengthens its retail footprint.