Rite Aid's Bankruptcy Journey: Now a Private Entity

Wednesday, 4 September 2024, 07:51
Bankruptcy concerns have encircled Rite Aid as it transitions into a private company. This transformation follows a challenging phase characterized by struggling sales and opioid-related lawsuits. With fresh financing acquired, Rite Aid’s restructuring marks a pivotal moment in its history.
CBS News
Rite Aid's Bankruptcy Journey: Now a Private Entity

PHILADELPHIA (CBS) -- Months after pharmacy chain Rite Aid filed for bankruptcy and secured fresh financing amid struggling sales and opioid-related lawsuits, the company says it has completed its restructuring.

Rite Aid has now emerged from bankruptcy, transforming into a privately held company.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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