Rite Aid has filed for bankruptcy protection under a voluntary court-supervised process through Chapter 11 of the US Bankruptcy Code. The company said it intends to restructure and reduce debt caused by opioid-related lawsuits.1
The Rite Aid Corporation announced that retail Rite Aid shops will continue to fill prescriptions and serve patients in store and online as it enters the Chapter 11 process.1
The Company remains committed to improving health outcomes and delivering on its purpose to help people achieve whole health for life, said the corporation in a news release.1
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Rite Aid noted that the Chapter 11 process will aid the agreement the company reached with its senior secured not…
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