CINCINNATI — CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy protection.
It comes just two months after the long-term care business was ordered to pay $949 million when a federal court found it liable for filing fraudulent claims for some prescription drugs.
What You Need To Know
The CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy protection
This comes just two months after the business was ordered to pay $949 million when a federal court found it liable for filing fraudulent claims for some prescription drugs
Omnicare, which CVS Health bought for more than $10 billion in cash in 2015, said in its bankruptcy petition that it had up to $10 billion in debt and up to $500 million in assets
In 2019, the federal government joined the legal fight a