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Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. [10] It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Acquisition by Rite Aid. On October 7, 2020, the company announced that it would be sold to Pennsylvania-based Rite Aid for $95 million. At the time of the sale, Bartell Drugs had 69 locations in King, Pierce and Snohomish Counties. The acquisition was completed on December 18. By 2023, five locations in Seattle had been closed by Rite Aid ...
Rite Aid is closing another roughly 30 locations across the US in addition to the 100 the bankrupt chain announced last month as part of its restructuring efforts. Rite Aid is closing another ...
Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States. The combined company was formed in April 1994 when Los Angeles–based TCH Corporation, the parent company of Thrifty Corporation and Thrifty Drug Stores, Inc., acquired the Kmart subsidiary PayLess Drug Stores Northwest, Inc. At the time of ...
Rite Aid filed a petition under Chapter 11 of the U.S. Bankruptcy Code on Oct. 15 amid flagging sales, mounting debt and several opioid-related lawsuits. According to the Wall Street Journal, the ...
As Rite Aid restructures its debt in Chapter 11 bankruptcy, it will close 154 locations in 15 states, including 31 in California.
One year later, Rite Aid acquired all 224 of Perry Drug Stores' locations, including the former Hook's Drugs locations. The acquisition of Perry Drug Stores in 1995 was the largest acquisition made by Rite Aid. It also brought Rite Aid to the Detroit area, where it previously had no stores. In 2023, Rite Aid filed for Chapter 11 bankruptcy amid ...
Rite Aid locations closing in the Sacramento area. These Sacramento area Rite Aid locations are on the closure list: 5409 Sunrise Blvd., Citrus Heights. 1309 Fulton Ave., Arden Arcade.
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- 45 North Milpitas Boulevard, Milpitas, CA · Directions · (408) 946-6300
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