Forbesยท2025-10-15 14:55Core Insights - CVS Health has completed the acquisition of 63 Rite Aid stores in Idaho, Oregon, and Washington, along with prescription files across 15 states, serving over 9 million customers [2][3] - The acquisition follows Rite Aid's bankruptcy filing earlier this year, marking its second bankruptcy in less than two years [3] - By acquiring prescription files, CVS and other pharmacy chains avoided taking on additional debt from physical store locations during the bankruptcy proceedings [4] Company Operations - CVS is now operating 63 former Rite Aid and Bartell Drugs locations and has acquired prescription files from 626 former Rite Aid and Bartell Drugs pharmacies across 15 states [5] - The company has hired over 3,500 former Rite Aid and Bartell Drug employees as part of the acquisition and store conversions [5] Strategic Goals - CVS Health aims to expand access to pharmacy care and grow its retail footprint in local communities through this acquisition [6] - The company plans to leverage its innovative pharmacy care programs and exclusive store brand products to enhance customer experience for former Rite Aid and Bartell Drugs patients [6]