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Omnicare Files Chapter 11 Amid $949M Judgment Appeal

9/23/2025

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Summary

Story summary

Omnicare, a CVS Health subsidiary, filed Chapter 11 in Texas with liabilities estimated at $1–$10 billion.
The filing follows a $949 million judgment for improper billing, which Omnicare is appealing.
Omnicare secured $110 million in debtor-in-possession financing to support operations.
The company says no patient harm occurred; issues were technical government violations, and CVS halted Omnicare’s sale plans in 2023.

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Story summary

Omnicare, a CVS Health subsidiary, filed Chapter 11 in Texas with liabilities estimated at $1–$10 billion.
The filing follows a $949 million judgment for improper billing, which Omnicare is appealing.
Omnicare secured $110 million in debtor-in-possession financing to support operations.
The company says no patient harm occurred; issues were technical government violations, and CVS halted Omnicare’s sale plans in 2023.