CVS Pharmacy Expands Footprint with Rite Aid Asset Acquisition Nationwide

CVS Pharmacy Expands its National Presence with Rite Aid Acquisition

CVS Pharmacy has recently announced the successful conclusion of its acquisition of select assets from Rite Aid, marking a significant milestone for the company. This strategic move involves the operation of 63 former Rite Aid and Bartell Drugs stores across Idaho, Oregon, and Washington, plus the acquisition of prescription files from 626 former Rite Aid and Bartell Drugs pharmacies in a total of 15 states. With this acquisition, CVS Pharmacy is now poised to provide services to over nine million former patients of Rite Aid and Bartell Drugs.

Len Shankman, Executive Vice President and President of Pharmacy and Consumer Wellness at CVS Health, expressed enthusiasm regarding the completion of these acquisitions. He emphasized the company's commitment to continue providing convenient and accessible pharmacy care across the U.S., particularly in local communities. The acquisition is part of CVS's wider strategy to not only maintain but also expand pharmacy care access, showcasing their innovative programs along with exclusive store brand products.

More than 3,500 former employees of Rite Aid and Bartell Drugs have been hired to strengthen CVS's workforce. This hiring initiative aims to optimize service delivery for both existing customers and new patients. Furthermore, CVS is investing in its infrastructure to ensure that each pharmacy is adequately equipped to meet the needs of the community, including enhancing recruiting efforts and bolstering training programs for staff.

At the core of CVS’s decision-making was the consideration of community convenience and continued access to essential prescription services. Almost all CVS locations that received Rite Aid's prescription files are strategically situated within three miles of an existing Rite Aid store, ensuring easy access for patients in the surrounding areas.

CVS continues to be a trusted healthcare provider, offering a wide array of products from over-the-counter medications to beauty items and better-for-you food options through its Well Market consumables line. This acquisition will also ensure that former Rite Aid customers can still find their preferred local brands at CVS locations, maintaining continuity for community shopping habits.

In celebration of this expansion, CVS Pharmacy plans to host a series of Grand Opening Block Parties at several newly converted stores in Idaho, Oregon, and Washington throughout October. These community events are designed to introduce customers to the CVS experience, featuring DJs, food trucks, and product giveaways.

CVS Health, the parent company of CVS Pharmacy, is recognized as a leading health solutions provider. With approximately 9,000 retail pharmacy locations and over 1,000 walk-in clinics, CVH uses a personalized approach and technology to enhance patient care and improve health outcomes. As of mid-2025, CVS Health serves an estimated 37 million individuals through various health insurance options, continuously seeking to create a more efficient healthcare experience.

In conclusion, CVS's acquisition of Rite Aid assets is a strategic maneuver designed to enhance service delivery and community access to healthcare. The company remains committed to maintaining its integral role in the U.S. healthcare landscape while supporting the expansion of its retail and pharmacy services to meet the growing needs of patients nationwide.