Pharmacists at select Rite Aid stores in California, Maryland, New Hampshire, Nevada and Oregon can now prescribe hormonal contraceptives, improving access for women in these states.
In connection with the court-supervised process, Rite Aid said it intends to close certain underperforming stores to reduce rent expenses further and strengthen overall financial performance.
Rite Aid has received a commitment for $3.45 billion in new financing; names Jeffrey Stein as CEO, succeeding Elizabeth Burr, who has served as interim CEO since January 2023.