: In September 2025 , the Omnicare subsidiary filed for bankruptcy protection following significant legal penalties related to opioid dispensing.
: Added roughly 13,000 employees and 160 locations across 47 states to CVS's portfolio. Current Status and Restructuring (2025–2026) cvs buys omnicare
CVS Health completed the acquisition of Omnicare in for a total enterprise value of approximately $12.9 billion . While the deal initially aimed to expand CVS's reach into long-term care and specialty pharmacy dispensing, recent developments as of April 2026 show that Omnicare is undergoing a court-supervised sale process. Key Acquisition Details (2015) : In September 2025 , the Omnicare subsidiary
Despite the ongoing sale process, Omnicare continues to provide pharmacy services to long-term care facilities. While the deal initially aimed to expand CVS's
By late 2022, CVS began categorizing Omnicare as "no longer a strategic asset" due to financial losses and legal challenges.
: On April 1, 2026 , Omnicare announced an asset purchase agreement with GenieRx Holdings LLC , serving as the "stalking horse bidder" in a court-supervised auction.