Rite Aid Corporation (“Rite Aid” or the “Company”) today announced that it is pursuing a strategic and value-maximizing sale process for substantially all

Rite Aid is telling its vendors that it “has generally stopped purchasing goods and services.” In a letter to Rite Aid vendors that was included in its bankruptcy filing, it said it has stopped purchases except “for those that it believes are essential to supporting this process”.

Rite Aid won court approval to run an expedited process to sell customers’ prescription information to rival pharmacies as the bankrupt firm prepares to unload or close its stores.