WOODSOCKET, R.I. – CVS Health has agreed to acquire the prescription files of 625 Rite Aid pharmacies and operate 64 stores in Idaho, Oregon, and Washington, following a court-approved bidding process in Rite Aid’s ongoing bankruptcy proceedings.

According to a statement from CVS, the acquisition remains subject to approval by the U.S. Bankruptcy Court for the District of New Jersey, along with regulatory reviews and standard closing conditions. A hearing for court approval is currently scheduled for May 21.

Rite Aid, which is undergoing a court-supervised restructuring process, announced it had entered into a series of sale agreements to ensure continuity of care for customers across the U.S. The agreements involve transitioning pharmacy assets from more than 1,000 locations to multiple operators, including CVS, Walgreens, Albertsons, Kroger, and Giant Eagle.

During the transition, Rite Aid stated that its stores will remain open and customers can continue filling prescriptions and accessing immunizations without interruption.

“A key priority for Rite Aid is to ensure that as many of our loyal customers as possible continue to receive the pharmacy services and care they require without interruption,” said Matt Schroeder, Rite Aid CEO.

CVS indicated it is working with Rite Aid to ensure a smooth transition and minimize disruptions for patients and caregivers. The company also noted it looks forward to welcoming interested Rite Aid employees to its workforce once the sale is finalized.

Additional updates and details regarding the restructuring and store transitions are expected after the court hearing. Both companies emphasized a commitment to continued pharmacy access and customer service during the changeover.

For more information about the court-supervised process, filings are available at restructuring.ra.kroll.com/RiteAid2025.