Drugstore chain Rite Aid is filing for bankruptcy again, eight months after emerging from a previous Chapter 11 filing in September 2024.

After receiving feedback from the Federal Trade Commission that led Rite Aid and Walgreens to believe that they would not be able to obtain the clearance to complete the merger, the two companies terminated the original merger agreement, and simultaneously entered into an asset purchase agreement on June 28, 2017.

Pharmacy chain Rite Aid announced it began Chapter 11 proceedings Monday. Stores will remain open and the company will "facilitate a smooth transfer of customer prescriptions."

Customers have until June 6 to use any gift cards, coupons or other rewards, the state attorney general advises.

Rite Aid began Chapter 11 bankruptcy proceedings on May 5 and has began the process of closing some of its 1,240 stores. In the initial filing, only 47

A Rite Aid distribution center in Harford County, Maryland, is expected to lay off more than 300 workers and close its doors after the Pennsylvania-based pharmacy filed for bankruptcy for a second time.