Becker's Healthcare April 16, 2024
Rite Aid will shutter 53 more locations after it filed for Chapter 11 bankruptcy and announced it will close locations last year, according to April bankruptcy court filings obtained by Becker’s.
“In connection with the court-supervised process, we notified the court of certain underperforming stores we are closing to further reduce rent expense and strengthen overall financial performance,” the spokesperson told Becker’s. “At this time, we have not made or confirmed any decisions on additional specific store closures as part of our financial restructuring process.”
Here is what ASCs need to know about the closures:
1. In October, Camp Hill, Pa.-based Rite Aid said it will close 154 stores in more than 10...
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