Filing Alert: Omnicare Chapter 11
Omnicare Files Chapter 11 in Northern District of Texas
Omnicare, LLC and its debtor affiliates⁽¹⁾, a Woonsocket, RI-based provider of long-term-care pharmacy services, filed for Chapter 11 protection on Sep. 22 in the U.S. Bankruptcy Court for the Northern District of Texas.
The company reports $100 million to $500 million in assets and $1 billion to $10 billion in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-80486.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Local Bankruptcy Counsel:
- Ian T. Peck
- Haynes and Boone, LLP
- Email: ian.peck@haynesboone.com
General Bankruptcy Counsel:
- Jenner & Block LLP
Financial Advisor / CRO:
- Alvarez & Marsal North America, LLC (Matthew Frank)
Investment Banker:
- Houlihan Lokey Capital, Inc.
Claims Agent:
Equity Security Holders:
- CVS Cabot Holdings Inc. – 49.86% Equity Interest
- CVS Shaw Holdings Inc. – 49.86% Equity Interest
- Aetna, LLC – 0.28% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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