Once the largest pharmacy chain in America, Rite Aid (NYSE: US90274J5618=UBSS ) filed for bankruptcy protection on Thursday, with a vision to reinvent itself as a "modern neighborhood pharmacy." As part of its restructuring plan, the company intends to close 154 stores across more than 10 states in an effort to enhance financial stability and reduce rental costs. Pennsylvania, California, and New York will be most affected by these closures, with additional closures planned as the company addresses its $3.3 billion debt, not including pending opioid lawsuits.