Rite Aid has emerged from Chapter 11 bankruptcy, shedding $2 billion in debt and closing approximately half of its stores. The pharmacy chain, headquartered in Camp Hill, is now privately owned by its creditors, and common shares have been canceled. The company has received $2.5 billion in exit financing and appointed Matt Schroeder as its new CEO. Rite Aid, which once operated over 2,200 locations, now has about 1,300 stores, including 352 in Pennsylvania.