Major Pharmacy Closing Over 200 More Stores, Now 7 in MD

MARYLAND — The embattled one-time pharmacy chain giant Rite Aid announced it will close more than 200 additional stores, including another three in Maryland, after the chain filed for Chapter 11 bankruptcy a second time last month.

This latest round of closures brings the total number of locations shutting their doors to around 600 nationwide, according to court documents obtained by Nexstar, or approximately half of the 1,240 retail stores that will be listed for sale.

Rite Aid first filed for bankruptcy restructuring in 2023, after the Philadelphia-based company had been struggling with losses for years. The company filed a second time on May 4, less than two years after the previous restructuring lessened the pharmacy chain's debt but still left it on unsound financial footing.

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 now slated for closure, according to court documents:

• 1400 Sulphur Spring Rd., Baltimore
• 1208 Parsons Rd., Salisbury
• 1316 Mount Hermon Rd., Salisbury

Rite Aid previously announced it would close these Maryland stores:

• 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 closure list. The chain shuttered several other locations in 2023 and 2024.

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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.

In May, 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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