Rite Aid sells 1K pharmacies to rivals — including CVS, Walgreens — after second bankruptcy filing
1. Rite Aid sold over 1,000 pharmacy locations to competitors. 2. CVS acquired 625 Rite Aid pharmacies across 15 states. 3. Rite Aid filed for bankruptcy for the second time in two years. 4. The company faces nearly $4 billion in debt and job cuts. 5. Remaining stores will stay open for customers during the transition.