STURGIS, MI (WNWN/WTVB) – The Rite Aid store on North Centreville in Sturgis is one of 19 in Michigan that is being shut down after the pharmacy chain filed for bankruptcy this week.
CBS News Detroit reports Rite Aid has struggled over recent years amid opioid lawsuits. The company settled for up to $30 million in 2022 after its pharmacies were accused of contributing to an oversupply of prescription opioids.
According to court documents, Rite Aid has a restructuring plan in place to close underperforming stores. They stated in a Tuesday news release that it received court approval to access $3.45 billion in financing from lenders as it continues to operate stores.
The release went on to say Rite Aid will continue to pay associate wages, salaries and benefits without interruption. The Justice Department filed a lawsuit against Rite Aid in March, accusing the company of knowingly filling unnecessary prescriptions for controlled substances.
The pharmacy chain plans to close 154 stores around the country.
