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this post was submitted on 06 Sep 2025
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I know rite-aid is bankrupt and going thru a process of closing all pharmacies state by state but did Walgreens get hit from the same opiate court ruling that destroyed rite-aid?
The Walgreens fine was $350 million, which likely wouldn’t have affected them too badly if they weren’t already struggling. CVS’s agreement was $4.9 billion.
Walgreens has been failing for a few years now because they over-expanded and a lot of their stores weren’t profitable. They have been closing stores and threatening to close stores since the COVID lockdowns.