The company has faced financial and legal challenges this year.
Rite Aid Corp., one of the United States’ largest pharmacy chains, said Oct. 15, that it reached an aggreement with key creditors on financial restructuring to cut its debt. The company’s bankrupcty filing in New Jersey listed $8.6 billion in debts to $7.6 billion in assets.
In March, the United States government sued Rite Aid Corp, accusing the pharmacy chain of missing “red flags” for hundreds of thousands of prescriptions for controlled substances, including opioids.
In a complaint filed in Cleveland federal court, the Department of Justice alleged Rite Aid repeatedly filled prescriptions between May 2014 and June 2019, which were medically unnecessary, for off-label use,or not issued in the usual course of professional practice, according to Reuters.
“The Justice Department is using every tool at our disposal to confront the opioid epidemic that is killing Americans and shattering communities across the country,” Attorney General Merrick Garland said in a statement.
Rite Aid pharmacists were accused of ignoring obvious signs of misuse, including in prescriptions for “trinities,” a combination of opioids, benzodiazepine, and muscle relaxants preferred by drug abusers for their increased euphoric effect, the report stated.