Rite Aid on Monday announced it is filing for bankruptcy for a second time, barely just seven months after the chain exited Chapter 11 and emerged as a private company.

Pharmacy chain Rite Aid announced it began Chapter 11 proceedings Monday. Stores will remain open and the company will "facilitate a smooth transfer of customer prescriptions."

The Wall Street Journal reported last month that Rite Aid was considering a second bankruptcy filing. The company listed liabilities and assets between $1 billion and $10 billion