Reported about 10 hours ago
CVS Health's subsidiary, Omnicare, has filed for bankruptcy after being ordered to pay $949 million for improperly dispensing prescription drugs in long-term care facilities. Listing assets of at least $100 million and liabilities between $1 billion and $10 billion, Omnicare's Chapter 11 filing aims to evaluate options to resolve the judgment while ensuring continued service to customers. The company has secured financing to support its operations during the bankruptcy process.
Source: YAHOO