Core Insights - CVS has acquired customer prescription files from hundreds of closed Rite Aid stores and is now operating 63 former Rite Aid locations in Idaho, Oregon, and Washington [1] - Rite Aid has filed for bankruptcy protection and is in the process of selling most of its assets, having previously operated over 4,000 stores [2] - After emerging from Chapter 11 reorganization in 2024, Rite Aid's store count has decreased to around 1,200, indicating ongoing struggles in a challenging retail environment [3] Company Developments - CVS Health has not disclosed the financial details of its acquisition of Rite Aid's stores and prescription files [1] - The company operates several thousand drugstores and has a significant pharmacy benefits management business, along with an Aetna health insurance segment covering nearly 27 million people [5] Industry Trends - The pharmacy sector is facing challenges such as increased theft and a shift of customers towards online shopping and discount retailers [4] - Major chains like Walgreens are also undergoing changes, with Walgreens agreeing to be acquired by private equity firm Sycamore Partners [4]