Health
Rite Aid to Sell Customer Prescriptions to Rival Pharmacies
A shopper enters a Rite Aid store in Hercules, California, on April 22.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Rite Aid won court approval to run an expedited process to sell customers’ prescription information to rival pharmacies as the bankrupt firm prepares to unload or close its stores.
The sale process is being run by Guggenheim Securities, the chain’s investment banker. Guggenheim is talking with more than a dozen parties who are exploring potential bids on prescriptions at the remaining stores, Rite Aid lawyer Alice Eaton said during a Wednesday hearing in New Jersey. Names of potential bidders weren’t disclosed.