Major healthcare company files Chapter 11 bankruptcy, seeks sale [View all]
The pharmacy and drugstore retail sector has faced economic issues over the last three years that have resulted in several retailers closing hundreds of stores.
Drugstore chain CVS in 2021 revealed it would close 900 of its nearly 9,900 stores to reduce costs and cut losses, closing 300 locations each year in 2022, 2023, and 2024.
The company expanded its closings further in 2025, revealing in its annual report in February that it would close 271 more stores this year.
Walgreens, which operates about 8,600 stores with 6,000 profitable locations, evaluated 2,000 stores for potential closure and identified 1,200 locations to shutter, with 500 set to close in fiscal year 2025.
https://www.msn.com/en-us/money/companies/major-healthcare-company-files-chapter-11-bankruptcy-seeks-sale/ar-AA1KwzN1
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