Por: MarketWatch Business October 21, 2023
Insolvencies have ticked up as companies with low cash reserves get squeezed by inflation and rising interest rates. Companies with weak balance sheets have been especially vulnerable to debt defaults. Last year, Barron’s flagged seven companies at risk of liquidity squeezes from weak cash balances and high short-term debt. Three on the list have filed this year, including Rite Aid. The pharmacy chain has long struggled with a declining... + full article
ABC News USA Life October 16, 2023
One of the nation's largest drugstore chains has voluntarily initiated the process for bankruptcy protection.Rite Aid that the company had reached an agreement with creditors on the terms of its financial restructuring plan that will increase its financial flexibility and... + más
DOJ Lawsuit Could Hinder Rite Aid’s Turnaround | Forbes
Rite Aid files for bankruptcy, plans to close some stores | WPTV
WPTV USA Nation October 16, 2023
Pharmacy chain Rite Aid announced it has filed for Chapter 11 bankruptcy, which will likely result in the closure of a number of locations. In a statement released by the chain on Sunday, Rite Aid said it intends to close additional underperforming stores. It currently has... + más
Rite Aid may place all store items in showcases due to theft in New York City | Fox Business
WGN-TV USA Sports October 16, 2023
PHILADELPHIA (NEXSTAR) — Major U.S. pharmacy chain Rite Aid said Sunday that it and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits. In 2022, Rite Aid settled for up to $30 million to... + más
Forbes USA Business March 15, 2023
The U.S. Justice Department said Monday, March 13 that Rite Aid “Dispensed Controlled Substances in ... [+] Violation of the False Claims Act and the Controlled Substances Act.” The complaint was brought to the Justice Department by a whistleblower under the False Claims... + más
Rite Aid announces Heyward Donigan exit, appointment of interim CEO | Fox Business
WPTV USA Nation March 15, 2023
has accused Rite Aid of knowingly filling unlawful prescriptions for controlled substances. The whistleblower lawsuit was brought under the False Claims Act against the Rite Aid Corporation and various subsidiaries.The DOJ said Rite Aid knowingly filled at least hundreds of... + más
Fox Business USA Business January 10, 2023
Rite Aid CEO Heyward Donigan on how the Roe v. Wade decision will impact the health care industry on ‘Cavuto: Coast to Coast.’ experienced a leadership shakeup as the pharmacy chain on Monday announced CEO Heyward Donigan’s exit and the appointment of an interim chief... + más
World Series champ Jason Heyward signs minor-league deal with Dodgers | Fox News
Fox Business USA Business October 07, 2022
Check out what's clicking on FoxBusiness.com Rite Aid is contemplating placing all merchandise in showcases in New York City in an effort to curb retail theft, In late September, executives at Rite Aid cited shrink, a term that retailers use to describe theft, as an... + más
Rite Aid exec: Impossible to stop NYC store thefts | Fox Business
Kia, Hyundai are easy targets for thieves, insurance data confirms | CNN
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