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CVS bids for Rite Aid stores, patient data in Pacific Northwest, Bloomberg News reports
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CVS bids for Rite Aid stores, patient data in Pacific Northwest, Bloomberg News reports
May 26, 2025 8:56 AM

May 15 (Reuters) - Healthcare conglomerate CVS Health ( CVS )

has bid for a significant number of stores and patient

data in the Pacific Northwest from bankrupt pharmacy chain

operator Rite Aid, Bloomberg News reported on Thursday.

CVS put in a bid for stores in Washington, Oregon, and

Idaho, as well as patient prescription information, Rite Aid

Chief Executive Officer Matthew Schroeder told employees,

according to a recording of the meeting reviewed by Bloomberg

News.

Rite Aid has also received multiple bids on some of its

pharmacy assets, such as patient data and inventory, from

Walgreens Boots Alliance ( WBA ), Albertsons ( ACI ), Kroger ( KR )

, Giant Eagle and others, Schroeder said, according to the

report.

Schroeder said Rite Aid is not going to emerge from

bankruptcy and said that the company will no longer exist after

its assets are sold, the report added.

Rite Aid and the bidders did not immediately respond to

Reuters' requests for comment.

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