CVS Health Thursday sued the state of Arkansas, trying to thwart a law the healthcare company said would lead to the closure of all 23 CVS drugstores in the state.
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Walgreens confirmed its only buying prescription files and not brick and mortar stores among the pharmacy assets being sold across the U.S. by Rite Aid.
A federal bankruptcy court has approved the sale of pharmacy assets from more than 1,000 Rite Aid stores to CVS Health, Walgreens as well as grocery store chains including Kroger and Albertsons.
Rite Aid is moving quickly to close additional store locations after selling a substantial chunk of its pharmacy business to other companies last week.
Healthcare conglomerate CVS Health has bid for a significant number of stores and patient data from bankrupt pharmacy chain operator Rite Aid, Bloomberg News reported on Thursday.
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