In 2023, about an independent pharmacy is closed every day, and it is expected that the numbers are similar to this year, according to the National Community Pharmacists Association.
Rite Aid, which has been bankrupt twice in two years, will be closed.
Pharmacy,, Which closed hundreds of locations during its first bankruptcy procedures, 47 stores are now expected to be closed due to a variety of factors, including financial performance and lack of attention from potential buyers. The company has already sold or closed 29 retail sites and entered into agreements to sell medical prescription files to 63 additional stores.
He has almost faced since 2023, when the company has managed thousands of sites around the United States since then, the company full of debt has dramatically reduced its mark as part of its transformation strategy.
AID RITE files for bankruptcy for the second time in less than two years
CVS and Walgrens have also started competitors in recent years as the industry has governed. According to George Hill, the administrative director and great stock research analyst in Deutsche Bank, I saw the continuous growth and capacity building industry in the field of pharmacy, which Hill said, “It was not necessarily a lot of meaning.”
Customers inside the Aid Store in New York. (Bing Guan / Bloomberg via Getty Images / Getty Images)
“Industry It seems that he was increasing the effects of feet The sites were faster than the need for pharmacies. ”
Sarah Foss, head of the legal law in Debtwire, Fox Business that although there is a “limited market for valuable pharmacy in Rite Aid, as it may only be sold only to a licensed and registered pharmacy, the company said it had a great interest from potential buyers.”
Rite Aid to close hundreds of stores in bankruptcy: Report
This is the key, according to the phosos, who indicated that “the long long sales process can be the confrontation for Rite Aid as the value of the company’s assets can deteriorate quickly.”
Foss added that this may happen in particular if the pharmacy customers choose to go elsewhere during this process.
A customer inside a helping store in New York. (Bing Guan / Bloomberg via Getty Images / Getty Images)
Vos said that the same sale will take place at lightning with a specific auction no later than May 14 for the pharmacy assets and June 20 for the rest of the Rite Aid assets. The bankruptcy court approval is expected to come to sales about a week.
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“The sale and sale of an accredited court from the Banking Protection Court can provide many advantages from the buyer’s perspective and the seller in this type of parking, which allows urgent sale treatment in which buyers can buy free assets for free and free of devices, claims and confusion in a transparent process,” added Foss.
Rite Aid, which has been bankrupt twice in two years, will be closed. (Michael M. Santiago / Getty Images)
Aid rituals represent the fourteenth company to Chapter 11 file For the second time since the beginning of 2024, the fifth in 2025.
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