Mon 07/10/2023 13:57 PM
Rite Aid is considering a chapter 11 filing to address liabilities related to its involvement in opioids, according to sources.
The pharmacy chain also faces debt maturities in 2025 and 2026, as well as reimbursement rate pressure, reduced demand for Covid-19 vaccines, operational inefficiencies and wage inflation.
A bankruptcy filing has not been decided and is not imminent, the sources said. The company may also deal with its liabilities out of court, they added.
A combined...
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