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CVS’ Omnicare division files for bankruptcy

This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Dive Brief: CVS pharmacy services subsidiary Omnicare has filed for Chapter 11 bankruptcy after being hit with a 949millionfederaljudgmentoverimproperbillingofgovernmenthealthcareprograms.Omnicareclaimedupto949 million federal judgment over improper billing of government healthcare programs. Omnicare claimed up to 500 million in assets and between 1billionand1 billion and 10 billion in debts in its bankruptcy petition with a Texas court on Monday. Omnic ...