The US Bankruptcy Court gave an order approving the sale of the certain assets of Rite Aid Corporation on May 7, 2024. The debtor has been authorized to sell its certain assets to Infomedia Group, Inc. for a purchase price of $2.75 million in cash plus assumed liabilities pursuant to the asset purchase agreement dated March 6, 2024. The debtor?s assets include all contracts, all data required to be maintained under any assigned contract, all intellectual property.

Carl R. Kugler of Reinhart Boerner Van Deuren s.c. acted as legal advisor to the purchaser.