July 02, 2026
CVS and its bankrupt unit Omnicare have agreed to pay $440 million to the U.S. Department of Justice to resolve an almost $1 billion judgment stemming from a False Claims Act suit, telling a Texas bankruptcy judge the deal will take effect once Omnicare's sale to GenieRx closes.
May 13, 2026
A Texas bankruptcy judge Wednesday approved the $250 million sale of Omnicare, the bankrupt long-term care facility pharmacy unit of CVS, to the stalking horse for its Chapter 11 auction.
May 04, 2026
Pharmacy services provider Omnicare told a Texas bankruptcy judge that it has selected a $250 million offer from stalking horse bidder GenieRx Holdings LLC as the winning bid in a sale process for its assets, saying it would cancel an auction that was scheduled to occur this week.
April 14, 2026
Pharmacy services provider Omnicare's choice of a $250 million stalking horse bid for its assets was approved Tuesday by a Texas bankruptcy judge, setting up a possible auction in May.
December 03, 2025
A Texas bankruptcy judge Wednesday gave pharmacy services provider Omnicare the go-ahead to put itself on the auction block in March, saying it is a reasonable timeframe for the debtor to market its assets.
November 26, 2025
On the heels of the Thanksgiving holiday weekend, bankruptcy judges will consider debtor-in-possession financing requests from hospital operator Prospect Medical and Office Properties Income Trust, bidding procedures for the sale of pharmacy business Omnicare's assets, and a disclosure statement from mortgage service provider AmeriFirst Financial.
November 17, 2025
Purdue Pharma secured a judge's approval of its new bankruptcy plan. The U.S. Supreme Court won't review a ruling regarding the Serta Simmons Chapter 11 plan. And solar panel company Sunnova also got a court's permission to implement a bankruptcy plan.
November 10, 2025
Village Roadshow received approval for a nearly $19 million Chapter 11 sale, 23andMe successfully sought permission to cut nearly 160,000 claims from its bankruptcy, and restaurant chain Pinstripes asked to convert its case to a Chapter 7. This is the week in bankruptcy.
November 03, 2025
A Texas bankruptcy judge on Monday allowed Omnicare LLC to borrow $110 million in Chapter 11 financing, letting the CVS Health subsidiary that provides pharmacy services for long-term care facilities fund its business as it works to sell the company.
October 21, 2025
Omnicare LLC, a CVS Health subsidiary that provides pharmacy services for long-term care facilities, received a Texas bankruptcy judge's permission Tuesday to reject leases for pharmacies and its former headquarters as it works to sell its business in Chapter 11.