NYSE:CVSHealthcare
How Investors Are Reacting To CVS Health (CVS) Subsidiary Omnicare’s Bankruptcy and Legal Challenges
CVS Health subsidiary Omnicare filed for Chapter 11 bankruptcy recently to address nearly US$949 million in court-ordered penalties related to improper billing of government healthcare programs, securing US$110 million in financing to maintain operations during restructuring.
This move allows Omnicare to continue serving long-term care facilities while CVS Health appeals the judgment, highlighting the parent company's approach to managing legal and financial risks within its broader...