CVS Omnicare Winds Down Amid Scandal | Durham News

CVS Omnicare, the prescription arm for nursing homes, is shutting down after bankruptcy court approved its liquidation — a move following a $250M sale and a $440M settlement over massive false billing. The company allegedly dispensed drugs without prescriptions and billed government programs, with CVS Health also found liable for over $3M in fraudulent claims. As part of the deal, Omnicare drops all legal claims against CVS, while GenieRx Holdings takes over operations next month. Meanwhile, CVS Health’s core business thrives, boosting earnings guidance and cash flow despite this messy chapter.

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