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BTCC / BTCC Square / Global Cryptocurrency /
CVS Health’s Stock Holds Steady Amid Omnicare Bankruptcy Filing

CVS Health’s Stock Holds Steady Amid Omnicare Bankruptcy Filing

Author:
Global Cryptocurrency
Published:
2025-09-23 20:02:02
6
3
BTCCSquare news:

CVS Health shares remained stable during Tuesday trading despite its subsidiary Omnicare filing for Chapter 11 bankruptcy protection. The pharmacy services provider, specializing in long-term care facilities, sought court-supervised reorganization to address a $949 million federal lawsuit settlement.

Omnicare's financial turmoil stems from a 2019 whistleblower case alleging fraudulent billing practices. The company disputes the penalties as unconstitutional while navigating the restructuring process. Market observers note CVS's resilience reflects investor confidence in its Core retail pharmacy operations.

|Square

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