Drugstore chain Rite Aid recently filed for Chapter 11 bankruptcy and plans to shut down 17 New York locations. Beyond New York, the company expects to close nearly 100 stores nationwide.
Though it’s the third largest standalone pharmacy chain in America, Rite Aid has been financially struggling for some time. According to a prior filing, the company lost more than $1 billion leading up to the bankruptcy. Moreover, in the past six years, Rite Aid has lost almost $3 billion, reports ABC 7.
In addition to its financial losses, the company also dealt with opioid-related lawsuits claiming Rite Aid filled “at least hundreds of thousands” of illegal prescriptions back in March.
Rite Aid will still be open for prescription fills and in-store shopping during the duration of the bankruptcy process.
New York Rite Aid locations set to close:
577 Larkfield Road in East Northport, New York
2 Whitney Ave. in Floral Park, New York
115-10 Merrick Blvd. in Jamaica, New York
2453 Elmwood Ave. in Kenmore, New York
3131 Hempstead Turnpike in Levittown, New York
700-43 Patchogue-Yaphank in Medford, New York
4188 Broadway in New York, New York
195 8th Ave. in New York, New York
1033 St. Nicholas Ave. in New York, New York
593 Old Town Road in Port Jefferson, New York
101 Main St. in Sayville, New York
65 Route 111 in Smithtown, New York
397 Sunrise Hwy. in West Patchogue, New York
836 Sunrise Hwy. in Bay Shore, New York
452 Main St. in Buffalo, New York
15 Arnold St. in Buffalo, New York
901 Merrick Road in Copiague, New York