Rite Aid sells 1K pharmacies to rivals — including CVS, Walgreens — after second bankruptcy filing
1. Rite Aid sold over 1,000 pharmacy locations due to bankruptcy. 2. CVS acquired the most locations, taking over 625 pharmacies. 3. Rite Aid's bankruptcy signals ongoing struggles within the industry. 4. They face nearly $4 billion debt from legal challenges. 5. Store closures and job cuts are anticipated as part of bankruptcy.