Months after pharmacy chain Rite Aid filed for bankruptcy and got fresh financing amid struggling sales and opioid-related lawsuits, the company says it has completed its restructuring.
Rite Aid said it planned to close down 154 stores after it filed for Chapter 11 protection in October 2023. Since then, more than 520 Rite Aid pharmacies have closed, about a quarter of the 2,111 pharmacies open at the time of the bankruptcy filing.
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