{"id":24941,"date":"2025-09-23T07:51:29","date_gmt":"2025-09-23T11:51:29","guid":{"rendered":"https:\/\/medicarereport.org\/?p=24941"},"modified":"2025-09-23T07:51:30","modified_gmt":"2025-09-23T11:51:30","slug":"cvs-subsidiary-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/medicarereport.org\/?p=24941","title":{"rendered":"CVS subsidiary files for bankruptcy"},"content":{"rendered":"\n<p>(By: Alexandra Murphy for <em>Becker&#8217;s Hospital Review<\/em>)<\/p>\n\n\n\n<p>CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas.<\/p>\n\n\n\n<p>The filing comes after a recent ruling in a civil case in the U.S. District Court for the Southern District of New York and broader financial difficulties, according to an Sept. 22 news release from CVS Health. In July, a federal judge ordered the company to pay $948.8 million in damages and penalties in a case claiming the company submitted fraudulent claims to Medicare and Medicaid.  Continue reading <a href=\"https:\/\/www.beckershospitalreview.com\/pharmacy\/cvs-subsidiary-files-for-bankruptcy\/\" data-type=\"link\" data-id=\"https:\/\/www.beckershospitalreview.com\/pharmacy\/cvs-subsidiary-files-for-bankruptcy\/\">here&#8230;<\/a><\/p>\n\n\n\n<p><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"113\" class=\"wp-image-7787\" style=\"width: 150px;\" src=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2017\/08\/court.jpg\" alt=\"\" srcset=\"https:\/\/medicarereport.org\/wp-content\/uploads\/2017\/08\/court.jpg 700w, https:\/\/medicarereport.org\/wp-content\/uploads\/2017\/08\/court-300x225.jpg 300w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>Notice:<\/strong>\u00a0The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; medicarereport.org cannot guarantee the duration of the link\u2019s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or medicarereport.org.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(By: Alexandra Murphy for Becker&#8217;s Hospital Review) CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy in the U.S.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,19],"tags":[238,1912],"class_list":["post-24941","post","type-post","status-publish","format-standard","hentry","category-health-care-finance","category-legal-actionscourt-decisions","tag-healthcare-finance","tag-omnicare"],"_links":{"self":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/24941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24941"}],"version-history":[{"count":1,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/24941\/revisions"}],"predecessor-version":[{"id":24942,"href":"https:\/\/medicarereport.org\/index.php?rest_route=\/wp\/v2\/posts\/24941\/revisions\/24942"}],"wp:attachment":[{"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medicarereport.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}