CVS Pharmacy completes acquisition of Rite Aid assets nationwide

CVS Pharmacy announced the completion of its acquisition of select Rite Aid (RAD) assets nationwide. In total, the company acquired and is now operating 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington. CVS Pharmacy also acquired the prescription files of 626 former Rite Aid and Bartell Drugs pharmacies in 15 states. As a result of the transactions, CVS Pharmacy is pleased to be serving more than nine million former Rite Aid and Bartell Drugs patients. To increase capacity or fill open roles to ensure patients are well served, CVS Pharmacy has hired more than 3,500 former Rite Aid and Bartell Drug colleagues who were interested in joining the CVS Pharmacy team. In addition, the company has made targeted investments in existing CVS Pharmacy locations, such as scheduling additional support, enhancing recruitment and hiring, and strengthening training programs, to ensure the teams are best positioned to continue to deliver service excellence to all customer and patients, whether existing or new.