Image: CVS Health
CVS Health has completed the purchase of 63 Rite Aid and Bartell Drugs stores across Washington, Oregon, and Idaho, marking a significant expansion of its regional footprint. The agreement also includes the acquisition of prescription files from 626 additional Rite Aid locations across 15 states.
As part of the transition, more than 3,500 former Rite Aid employees will join CVS. The company said it is making targeted investments in store improvements and staff training to support new customers and enhance service. CVS leaders emphasized that the move will help maintain community access to trusted pharmacy care while introducing former Rite Aid and Bartell Drugs customers to CVS programs and products.
Through this deal, CVS gains access to roughly 9 million new customers. Many of the newly acquired prescription files are located near former Rite Aid sites, helping ensure continuity of care.
The transaction follows Rite Aid’s second bankruptcy filing in two years. After struggling to reduce debt and adapt to shifting consumer trends, the company began liquidating operations earlier this month. CVS’s acquisition of selected stores and assets represents one of the final steps in Rite Aid’s wind-down process.
