Rite Aid's pharmacy business is on the brink of sale as bids are due Tuesday. The company is seeking buyers for what it describes as its most valuable assets amid a recent Chapter 11 bankruptcy filing. Rite Aid warns that a disorganized sale process could lead to customer attrition, not only affecting their services but also burdening rival pharmacies with unexpected prescription requests. Despite the turmoil, Rite Aid reassures customers that services will continue and discussions with potential buyers are ongoing.
Bids are due on Tuesday for companies hoping to acquire Rite Aid's prescriptions business, which it calls its most valuable economic asset.
If the sale of Rite Aid's pharmacy assets is done in a disorderly and ad hoc manner, service disruptions could occur for customers across competing pharmacies.
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