Haggen debtors win court approval for $45.88 million in asset sales

By Caroline Salls

Pittsburgh, Oct. 5 – Haggen Holdings LLC received court approval to sell company assets to Rite Aid Pharmacy, Albertson’s LLC and Safeway, Inc., CVS Pharmacy, Inc. and Park Medical Pharmacy Inc. for $45.88 million, according to an order filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, the company received approval of the purchase agreements to sell some pharmaceutical assets of Haggen Opco North LLC and Haggen Opco South LLC held at 55 of their stores.

According to the motion, Rite Aid will purchase prescription files for $16 million and pharmacy inventory in an amount not to exceed $8.72 million.

Albertson’s will purchase records and goodwill for $10.54 million and inventory for $6.33 million.

CVS will purchase prescription data for $2.51 million and inventory for $1.71 million.

Finally, Park will purchase prescription data for $60,000.

Haggen, a Bellingham, Wash.-based supermarket company, filed bankruptcy on Sept. 8. The Chapter 11 case number is 15-11874.

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