Bankrupt Omnicare Faced Myriad Woes Before $1B Judgment

By Rick Archer · October 7, 2025, 5:39 PM EDT

A nearly $1 billion judgment for falsely billing the government for prescriptions sent Omnicare into bankruptcy, but Medicare and Medicaid reimbursement issues and other difficulties had been weighing on the nursing home pharmacy for years....

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Bankruptcy Scorecard

Summary

Omnicare LLC, CVS Health's subsidiary that provides pharmacy services for long-term care facilities, filed for Chapter 11 to secure "breathing room" from a nearly $1 billion False Claims Act judgement while they restructure their operations.

Case Number

8:25-bk-80486

Judge

Stacey G Jernigan

Venue

U.S. Bankruptcy Court for the Northern District of Texas

Capital Structure

Total Liabilities:

$1 billion to $10 billion

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