SHENANDOAH – A pharmacy chain with multiple locations in the Sentinel-area, and the only chain in the core of our region, is bankrupt. Again.
Rite Aid Corporation declared a second Chapter 11 bankruptcy proceeding Monday.
The ailing pharmacy chain had declared bankruptcy in 2023 and emerged from bankruptcy in September.
“For more than 60 years, Rite Aid has been a proud provider of pharmacy services and products to our loyal customers,” Matt Schroeder, Chief Executive Officer of Rite Aid, said. “While we have continued to face financial challenges, intensified by the rapidly evolving retail and healthcare landscapes in which we operate, we are encouraged by meaningful interest from a number of potential…
