Bankrupt pharmacy chain
The deal to sell Elixir to MedImpact was put together before Rite Aid filed bankruptcy. The company used the $575 million offer as the floor for a potential auction, which is a common practice in Chapter 11 cases.
MedImpact tried to finance its bid through the broadly syndicated loan market, but the process
Shedding ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.