Rite Aid Can Sell Analytics Arm Health Dialog For $2.75M

By Clara Geoghegan · May 8, 2024, 3:00 PM EDT

Pharmacy retail chain Rite Aid got the green light Wednesday from a New Jersey bankruptcy judge to sell most of its coaching and analytics division, Health Dialog, to healthcare technology firm...

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Bankruptcy Scorecard


Bankrupt drugstore chain Rite Aid filed for Chapter 11 Oct. 15 with plans to close more retail locations, sell its pharmacy benefits manager business and shed some of its $4 billion of total funded debt. A New Jersey bankruptcy judge in June agreed to approve its Chapter 11 plan to pay $2.6 billion in term and asset-based loans in cash, exchange $1.2 billion in senior notes for equity and set up a recovery fund for some 1,600 opioid claims that includes $43 million in cash and 10% equity in the reorganized company.

Case Number



Michael B. Kaplan


U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$4 billion

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Case Information

Case Title

Rite Aid Corporation

Case Number



New Jersey

Nature of Suit

Date Filed

October 15, 2023