Albertsons Companies Specialty Care, LLC, Broulim Supermarkets, Coborn's, Inc., CVS, Gothenburg Discount Pharmacy, GRX Holdings, LLC, Hartig Drug Co. Inc., Valley Markets, Incorporated, Hy-Vee, Inc., Kessler's, Inc., Kex Rx Falls City, LLC, The Kroger Co. (NYSE:KR), Lewis Drug, Inc., Mattson Pharmacy, Inc., NuDak Ventures, LLC, Prohaska Brothers, LLC, Quality Pharmacy Inc., Rite Aid Corporation (NYSE:RAD), U-Save Pharmacy Of Auburn, LLC, Vogt Pharmacies, Inc. and Walgreens Boots Alliance, Inc. (NasdaqGS:WBA) signed a letter of intent to acquire 120 Stores of Specialty Retail Shops Holding Corp.

on January 23, 2019. Shopko expects to generate $52 million in proceeds. Walgreens Boots Alliance, CVS Health and Rite Aid are among the winning bidders for prescription files and related pharmacy assets auctioned off from 120 Shopko locations as part of the general merchandise retailer's financial restructuring.

Other successful bidders named include Albertsons and Kroger as well as several regional and community pharmacy and grocery store owners. Transaction is subject to bankruptcy court approval. James H.M. Sprayregen, P.C, Patrick J. Nash, Jr., P.C, Travis M. Bayer, Steven Serajeddini and Daniel Rudewicz of Kirkland & Ellis LLP and James J. Niemeie, Michael T. Eversden and Lauren R. Goodman of McGrath North Mullin & Kratz, PC LLO acted as legal advisors to Specialty Retail Shops Holding Corp.