Rite Aid transitioned its pharmacy assets to Kroger, Giant Eagle, and CVS Pharmacy, while facing increased competition from Amazon.
1 report, 1 independent
Updated Jul 23
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What happened
Rite Aid transitioned its pharmacy assets to Kroger, Giant Eagle, and CVS Pharmacy, while facing increased competition from Amazon.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Rite Aid sold prescription files to Walgreens and Hilrod Holdings is acquiring Rite Aid assets, while Monster Beverage filed with the SEC regarding executive retirement.Sub-event
Rite Aid sold its pharmacy assets to Kroger, Giant Eagle, and CVS, amid Amazon competition.1 source
Keep exploring
The entities involved
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Kroger
American multinational retailing company
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Rite Aid
American drugstore chain
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Amazon
American multinational technology company
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CVS Health
company
Related events
- Walgreens, a retail pharmacy chain led by CEO Tim Wentworth, is facing competition from Amazon for shoppers and prescriptions.
- CVS Health, UnitedHealth Group, and Walgreens collectively control over half of U.S. prescription revenue, dominating the market share alongside other large operators.
- GoodRx CEO addressed the company's underperformance on August 13, 2025, as Rite Aid bankruptcy caused stores to be removed from networks. Inquiries focused on pharma manufacturer solutions growth.
- Kroger and Instacart are offering combined grocery and prescription delivery services.
Coverage
Newest first; wire copies grouped- The Bergen RecordRite Aid closing these 33 New Jersey locations amid bankruptcy Pharmaceutical giant Rite Aid will be closing — or has already shuttered — at least 33 locations across New Jersey following its bankrup