The sale transactions are subject to approval by the U.S. Bankruptcy Court for the District of New Jersey. The court is scheduled to conduct a hearing to approve the sales on Wednesday.

Bankrupt U.S. pharmacy chain Rite Aid on Thursday said it agreed to sell pharmacy assets from more than 1,000 store locations in separate transactions to CVS Pharmacy, Walgreens, Albertsons, Kroger and Giant Eagle,

Rite Aid plans to sell the majority of its pharmacies to rival drugstore chains. CVS Health is one of the largest buyers, snapping up prescription files from hundreds of stores and fully acquiring 64 brick-and-mortar locations.