Category: Rite
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US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy By Reuters
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(Reuters) – U.S. drugstore chain Rite Aid said on Tuesday it will operate as a private company after successfully completing its financial restructuring and emerging from Chapter 11 bankruptcy. The pharmacy used its bankruptcy to close hundreds of stores, sell its Elixir pharmaceutical benefits business, and negotiate settlements with its…
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Rite Aid defeats MedImpact in $200 million Elixir sale dispute By Reuters
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Written by Dietrich Knuth NEW YORK (Reuters) – MedImpact’s attempt to recover about $200 million in connection with its purchase of Rite Aid’s (NYSE:) pharmacy benefits unit failed after a judge ruled on Monday that it assumed Elixir’s debt when it bought the company. U.S. Bankruptcy Judge Michael Kaplan, at…