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CVS’s Omnicare Files Bankruptcy After $949 Million Judgment
Yahoo Finance·2025-09-23 12:59

CVS Health Corp. subsidiary Omnicare Inc. has filed for bankruptcy after the pharmacy-services provider was ordered to pay 949millionoverclaimsitimproperlydispensedprescriptiondrugstoindividualsinlongtermcare.MostReadfromBloombergOmnicareandcertainaffiliatessoughtcourtprotectionMondayinTexaslistingassetsofatleast949 million over claims it improperly dispensed prescription drugs to individuals in long-term care. Most Read from Bloomberg Omnicare and certain affiliates sought court protection Monday in Texas listing assets of at least 100 million and liabilities of between 1billionand1 billion and 10 billion on a Chapter 11 petition. The $949 million civil judgment is listed as Omnicare’s largest u ...