Business

By Paula Pyzik Scott

The Ohio Captial Journal  has confirmed that most Rite Aid pharmacies in Ohio will close. Employees at stores to close, including those in Ada, are told not to speak to the media.

The date of the Ada store closure has not been announced, but employees are confirming the closure off the record.

The Ohio Capitol Journal reports that prescriptions will be transferred to Walgreens. The closest Walgreens to Ada is in Lima, 12.8 miles away.

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More store closings to be announced

By Paula Pyzik Scott

On June 17, the Rite Aid pharmacy chain announced the closing of 15 Ohio stores, according to WTOL 11. The June 17 list does not include the Ada, Ohio store. 

Rite Aid filed for Chapter 11 bankruptcy protections in October 2023 and has since closed hundreds of stores across the country. Up to 500 store closings are expected.

On May 24, Reuters reported that Rite Aid is close to finalizing post-bankruptcy financing. The company needs to cut $2B in debt. Proposed $20M compensation for CEO Jeffrey Steinbe and thousands of opioid cases are said to have slowed the process.

Rite Aid Corporation was founded in 1962 in Scranton, Pennsylvania. In 1008 there were some 5,00 Rite Aid stores. In 2023, there were some 2,100.

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