Rite Aid Corporation was an American drugstore chain based in Philadelphia. Founded in 1962 in Scranton, Pennsylvania, at its peak it operated more than 5,000 stores. By May 2025, it operated only 1,200 stores across 15 U.S. states and was the seventh-largest pharmacy in the U.S. when taking into account big box chains.
The company filed for Chapter 11 bankruptcy in October 2023 due to a large debt load, thousands of lawsuits alleging involvement in the opioid crisis and a failed restructuring. It emerged in September 2024, but filed again less than a year later in May 2025, liquidating all remaining assets and closing its last remaining stores by September 2025.
