WOONSOCKET, R.I., May 15, 2025 — CVS Pharmacy® participated in a bankruptcy court approved bidding process and has agreed to acquire the prescription files of 625 Rite Aid pharmacies across 15 states in areas that CVS serves, as well as acquire and operate 64 Rite Aid stores in Idaho, Oregon and Washington. The transaction is subject to the approval of the U.S. Bankruptcy Court for the District of New Jersey, applicable regulatory approvals, and other customary closing conditions. Additional details about the transaction will be available following the upcoming hearing on approval of the sale to CVS Pharmacy.
CVS Pharmacy is America’s leading and best run national retail pharmacy with more than 9,000 community health destinations across the country. We’re well-positioned to serve our existing customers and patients, as well as those who may be transitioning to us from Rite Aid and are excited to introduce them to our best-in-class front store and pharmacy offerings if the transaction is approved. CVS Pharmacy plays an important and trusted role in the communities we serve, creating simpler, more accessible experiences for patients, customers and caregivers.
We’re working closely with Rite Aid on plans to ensure that the transition will be seamless for patients and customers and access to pharmacy care is not interrupted. Once the sale is finalized, we look forward to welcoming Rite Aid colleagues who are interested in applying to join the CVS team.
About CVS Health
CVS Health® is a leading health solutions company building a world of health around every consumer, wherever they are. As of December 31, 2024, the Company had more than 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, a leading pharmacy benefits manager with approximately 90 million plan members, and a dedicated senior pharmacy care business serving more than 800,000 patients per year. The Company also serves an estimated more than 36 million people through traditional, voluntary and consumer-directed health insurance products and related services, including highly rated Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company’s integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.
