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CVS acquires Rite Aid prescription files from 42 NJ pharmacies
As part of a nationwide deal spanning 626 sites, the retail pharmacy chain assumed information from 42 shuttered stores in New Jersey.
NJ pharmacies, Newark Beth Israel settle in health care fraud probe (updated)
In a crackdown tied to $14.6 billion in losses, more than a dozen individual and entities in the state are among those entering into agreements with federal authorities.
5 NJ pharmacies settle drug billing claims for $2M
The businesses will pay to resolve allegations they billed Medicare and Medicaid for drugs that were never dispensed, federal officials announced.
Rite Aid to close 2 NJ stores in first round of shutdowns
Rite Aid will close the South Jersey locations amid in-state job cuts totaling 1,100-plus as well as assets sales after filing Chapter 11 bankruptcy again in May 2025.
Rite Aid reportedly weighs 2nd bankruptcy filing
Since filing Chapter 11 October 2023, the retail pharmacy chain has closed more than 500 locations nationwide – including three dozen here in New Jersey.
Rite Aid brings on former Wakefern exec as new CMO
Bryant Harris joins the Philadelphia-based retail chain about five months after the company exited Chapter 11.
NJ’s Freedom Pharmacy partners with Guardian Pharmacy Services
Founded in 2022 by a group of veteran pharmacists, the Randolph-based target is an independent long-term care firm that serves North, Northwest and Central Jersey.
Pharmacy chains are shrinking. Is it time for a new model?
Faced with challenges such as falling prescription reimbursement levels, allegedly persistent theft and changing consumer habits, companies are trying to right-size their physical footprint.
