CVS Health subsidiary Omnicare files for Ch. 11 bankruptcy protection

['The Associated Press', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] What's Up Newp 2025-09-23 14:31:00

In 2019 the federal government joined the legal fight against CVS Health that accused Omnicare business of routinely filling prescriptions that had expired or run out of refills. CVS Health said at the time that the claims had no merit. The Cincinnati company said that the bankruptcy filing would help it resolve issues related to the recent court ruling. CVS Health has been exploring strategic options for Omnicare as booked writedowns for the struggling business. Shares of CVS Health rose 1% Tuesday.