Business
Omnicare Receives Court Approval for Sale of Business to GenieRx
Omnicare, LLC (the "Company" or "Omnicare"), a subsidiary of CVS Health (NYSE: CVS), today announced that following a comprehensive sale process, the U.S. Bankruptcy Court for the Northern District of Texas (the "Court") has approved the sale of the Company's business to GenieRx Holdings LLC ("GenieRx"), a joint partnership between private investment firm Milrose Capital LLC and health-care investment and management firm Integro Asset Management LLC, which does business as Integro Healthcare Ser
About this update from Cvs Health Corporation
[{"type":"text","content":"WOONSOCKET, R.I., May 13, 2026 /PRNewswire/ -- Omnicare, LLC (the "Company" or "Omnicare"), a subsidiary of CVS Health (NYSE: CVS), today announced that following a comprehensive sale process, the U.S. Bankruptcy Court for the Northern District of Texas (the "Court") has approved the sale of the Company's business to GenieRx Holdings LLC ("GenieRx"), a joint partnership between private investment firm Milrose Capital LLC and health-care investment and management firm Integro Asset Management LLC, which does business as Integro Healthcare Services.","length":602,"tagName":"p"},{"type":"image","alt":"CVS Health (PRNewsFoto/CVS Health)","displaySize":"","headline":null,"caption":"CVS Health (PRNewsFoto/CVS Health)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":49,"url":"https://media.zenfs.com/en/prnewswire.com/b00a3223927b4c1a269919fdd12512c1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OlZQc4IN1m_FtGFa0_F_2A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTg2O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/b00a3223927b4c1a269919fdd12512c1","width":400,"height":49},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/H9OAOULwHX0IrlvEDPmWYg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTc4O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/b00a3223927b4c1a269919fdd12512c1","width":400,"height":49}},"href":"https://mma.prnewswire.com/media/487051/CVS_Health_Logo_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Today's approval marks an important milestone. We are entering this next phase with clarity on what matters most: delivering reliable pharmacy services, maintaining safe and clinically appropriate care, and being transparent and fair in how we operate," said David Azzolina, President of Omnicare. "Our teams continue to show a deep commitment to our customers, and I am grateful for the work they do every day to support residents in skilled nursing and assisted living settings."","length":506,"tagName":"p"},{"type":"text","content":"With GenieRx, Omnicare will have the opportunity to strengthen its service—by staying disciplined in operations, aligning closely with clinical best practices, and working in partnership with the providers and communities that count on Omnicare. Leading up to the closing ...