By Sabrina Valle (Reuters) -Bankrupt U.S. pharmacy chain Rite Aid on Thursday said it agreed to sell more than 1,000 stores in separate transactions to CVS Pharmacy, Walgreens, Albertsons, Kroger and Giant Eagle,

After receiving feedback from the Federal Trade Commission that led Rite Aid and Walgreens to believe that they would not be able to obtain the clearance to complete the merger, the two companies terminated the original merger agreement, and simultaneously entered into an asset purchase agreement on June 28, 2017.

(Reuters) -Healthcare conglomerate CVS Health has bid for a significant number of stores and patient data from bankrupt pharmacy chain operator Rite Aid, Bloomberg News reported on Thursday. Copyright 2025 Thomson Reuters.