CVS Pharmacy completes acquisition of Rite Aid assets nationwide

Rhea-AI Summary

CVS (NYSE:CVS) announced completion of its acquisition of select Rite Aid and Bartell Drugs assets nationwide on Oct 15, 2025. CVS acquired 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington and 626 prescription files across 15 states, now serving more than 9 million former Rite Aid and Bartell patients.

The company hired more than 3,500 former Rite Aid and Bartell colleagues, completed the final store transfers on Sept 30, 2025, and said the U.S. Bankruptcy Court for the District of New Jersey approved the sales in May. CVS plans targeted investments, local grand-opening events, and continued availability of many local brands.

Positive

• 63 stores acquired in ID, OR and WA
• 626 prescription files transferred across 15 states
• Now serving more than 9 million former Rite Aid and Bartell patients
• Hired 3,500+ former Rite Aid and Bartell colleagues
• Final store transfers completed on Sept 30, 2025

Negative

• None.

Insights

M&A and Pharmacy Operations Analyst

CVS completed purchase of select Rite Aid/Bartell assets, expanding footprint and pharmacy volume while hiring former colleagues.

CVS finalized the acquisition on Oct. 15, 2025, operating 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington and acquiring prescription files from 626 pharmacies across 15 states. The company now serves more than nine million former Rite Aid and Bartell Drugs patients and hired over 3,500 former colleagues to support operations. This increases CVS's pharmacy patient base and local retail presence immediately.

The outcome depends on successful integration of prescription files, workforce onboarding, and capacity investments. The sale received court approval and closed within four months, which reduces execution risk but creates short-term operational demand near converted stores. Retention of local brand SKUs may ease customer transition but does not remove operational or regulatory integration work.

Watch prescription fill continuity and patient-transfer error rates over the next 90 days and staffing/training metrics at converted locations through Q1 2026. Also monitor any disclosed metrics on prescription fill volume, pharmacy throughput, and customer retention to assess whether the acquisition materially changes pharmacy network scale.

Company wraps up conversion of 63 former Rite Aid and Bartell Drugs stores in the Pacific Northwest and hundreds of prescription file buys across 15 states

WOONSOCKET, R.I., Oct. 15, 2025 /PRNewswire/ -- CVS Pharmacy today announced the completion of its acquisition of select Rite Aid assets nationwide. In total, the company acquired and is now operating 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington. CVS Pharmacy also acquired the prescription files of 626 former Rite Aid and Bartell Drugs pharmacies in 15 states. As a result of the transactions, CVS Pharmacy is pleased to be serving more than nine million former Rite Aid and Bartell Drugs patients.

"We're excited to have completed the acquisition of select Rite Aid and Bartell Drugs stores in the Pacific Northwest, as well as the acquisition of prescription files of hundreds of Rite Aid and Bartell Drugs pharmacies across 15 states," said Len Shankman, Executive Vice President and President, Pharmacy and Consumer Wellness, CVS Health. "We're helping maintain and expand access to convenient and trusted pharmacy care across the U.S. and growing our retail footprint and presence in local communities. From our innovative pharmacy care programs to our exclusive store brand products, we look forward to showing Rite Aid and Bartell Drugs patients and customers all that CVS has to offer."

To increase capacity or fill open roles to ensure patients are well served, CVS Pharmacy has hired more than 3,500 former Rite Aid and Bartell Drug colleagues who were interested in joining the CVS Pharmacy team. In addition, the company has made targeted investments in existing CVS Pharmacy locations, such as scheduling additional support, enhancing recruitment and hiring, and strengthening training programs, to ensure the teams are best positioned to continue to deliver service excellence to all customer and patients, whether existing or new.

Rite Aid bankruptcy asset transactions completed

In May, the U.S. Bankruptcy Court for the District of New Jersey approved the sale of select Rite Aid assets to CVS Pharmacy. Following the court's approval, CVS Pharmacy began moving through the transaction process. The entire process took less than four months and the last transactions, for the acquisition and operation of former Rite Aid stores in Bend, OR and Bainbridge Island, WA, were completed on September 30.

Helping to maintain convenience for the community and ongoing access to necessary prescriptions were the major factors CVS Pharmacy considered when deciding which stores and prescription files to purchase. Most CVS Pharmacy locations that received prescription files from Rite Aid are located within three miles of an existing Rite Aid store and nearly half are within a mile.  

Getting to know CVS Pharmacy

A trusted provider of accessible health, wellness and pharmacy care services, CVS Pharmacy offers thousands of products, including over-the-counter medications, beauty items, and better-for-you food options, such as the company's Well Market consumables line, and delivers innovative health solutions that create a simpler, more accessible experience for patients, customers and caregivers. In addition, CVS Pharmacy is continuing to offer many of the local brands former Rite Aid and Bartell Drugs customers have grown to know and love.

A series of Grand Opening Block Parties, each featuring a DJ, food truck and product giveaways, will be held at some of the newly converted CVS Pharmacy stores in Idaho, Oregon and Washington throughout the month of October. A list of the community events can be found on CVS.com.

About CVS Health
CVS Health is a leading health solutions company building a world of health around every consumer, wherever they are. As of June 30, 2025, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics, a leading pharmacy benefits manager with approximately 87 million plan members, and a dedicated senior pharmacy care business serving more than 800,000 patients per year. The Company also serves an estimated more than 37 million people through traditional, voluntary and consumer-directed health insurance products and related services, including highly rated Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company's integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.

Media contact
Amy Thibault
401-318-2865
Amy.Thibault@CVSHealth.com 

Shannon Dillon
346-291-7131
Shannon.Dillon@CVSHealth.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/cvs-pharmacy-completes-acquisition-of-rite-aid-assets-nationwide-302574141.html

SOURCE CVS Health

FAQ

What assets did CVS (CVS) acquire from Rite Aid on Oct 15, 2025?

CVS acquired 63 former Rite Aid and Bartell Drugs stores in Idaho, Oregon and Washington and 626 prescription files across 15 states.

How many former Rite Aid patients will CVS (CVS) serve after the acquisition?

CVS said it will be serving more than 9 million former Rite Aid and Bartell Drugs patients.

When were the final transactions for the CVS (CVS) Rite Aid asset purchases completed?

CVS completed the last store transactions, including Bend OR and Bainbridge Island WA, on Sept 30, 2025.

Did a court approve the sale of Rite Aid assets to CVS (CVS)?

Yes; the U.S. Bankruptcy Court for the District of New Jersey approved the sale of select Rite Aid assets to CVS in May 2025.

How many former Rite Aid employees did CVS (CVS) hire after the acquisition?

CVS hired more than 3,500 former Rite Aid and Bartell Drugs colleagues who were interested in joining CVS Pharmacy.

Will CVS (CVS) keep local brands from Rite Aid and Bartell Drugs?

CVS said it is continuing to offer many of the local brands former Rite Aid and Bartell Drugs customers know and buy.