Business & Tech
Troubled Pharmacy Chain Closing 4 MD Locations
The retailer filed for bankruptcy on May 4 for the second time in less than two years.
MARYLAND — Rite Aid is closing 151 additional stores nationwide as it traverses its second bankruptcy, and four locations in Maryland will be among those shuttered.
The latest round of closings was revealed in U.S. Bankruptcy Court filings on Friday. This filing will bring the total number of closures to 268 across the country.
Rite Aid filed for bankruptcy on May 4 for the second time in less than two years after the previous restructuring lessened the pharmacy chain's debt but still left it on unsound financial footing.
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The company listed liabilities in the range of $1 billion to $10 billion in a Chapter 11 petition filed in bankruptcy court.
The following Maryland locations are slated for closure, according to a new list:
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- 2855 Smith Ave., Baltimore
- 6402 Golden Ring Rd., Baltimore
- 101 Reisterstown Rd., Pikesville
- 6300 York Rd., Baltimore
Rite Aid has 23 remaining stores in Maryland, including those on the most recent closure list. The chain shuttered several other locations in 2023 and 2024.
Last week, the company announced a "rolling transition" of its pharmacy assets from more than a thousand stores across the country, which will likely include its Maryland locations.
The assets will be transferred to CVS, Walgreens, Albertsons, Kroger and Giant Eagle, among others. CVS said it is acquiring the prescription files of 625 Rite Aid pharmacies in 15 states and purchasing 64 Rite Aid stores in Idaho, Oregon and Washington.
Before the bankruptcy declaration, Rite Aid had eight million pharmacy customers.
Customers have until June 6 to use any Rite Aid gift cards, coupons, or rewards. Returns or exchanges will be processed or accepted until June 4.
Earlier this month, Rite Aid also said it plans to lay off 363 people at its mid-Atlantic distribution center, located at 601 Chelsea Rd. in Aberdeen. In a WARN notice filed with the Maryland Department of Labor, Rite Aid said it would close the facility by June 4.
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