The US Bankruptcy Court gave an order approving the sale of the certain assets of Rite Aid of Michigan, Inc on May 10, 2024. The debtor has been authorized to sell its certain assets to Infomedia Group, Inc. for a purchase price of $0.23 million in cash pursuant to the asset purchase agreement dated February 6, 2024. The debtor?s assets include certain real property.

Bradley F. Scobel of SK Detroit Law Partners P.C. acted as legal advisor to the purchaser.