Company Announcements

Enters into Asset Purchase Agreement with GenieRx

WOONSOCKET, R.I. , April 1, 2026 /PRNewswire/ -- Omnicare, LLC (the "Company" or "Omnicare"), a subsidiary of CVS Health (NYSE: CVS), today announced it has entered into an asset purchase agreement with 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. GenieRx will serve as the "stalking horse bidder" in the Company's ongoing court‑supervised sale process.

"We are making meaningful progress in our court‑supervised process and are pleased to enter into this purchase agreement with GenieRx," said David Azzolina, President of Omnicare. "GenieRx's interest reflects the strength of Omnicare's clinical expertise, the trust we have earned from the skilled nursing and senior living communities we serve, and the essential role our teams play in supporting high‑quality care for residents. We are grateful for the continued support of our customers and for the dedication of our colleagues, who remain focused every day on serving residents with care and professionalism."

Omnicare continues to focus on helping skilled nursing and assisted living providers navigate the increasing clinical, regulatory, and operational complexity of long‑term care. As the sale process moves forward, the Company remains engaged with skilled nursing facilities through transparent pricing approaches, clinical programs aligned with CMS value‑based purchasing measures, and analytics that support ISNPs, ACOs, and other risk‑bearing care models.

For assisted living communities, Omnicare continues to emphasize a partnership‑driven approach to pharmacy services, programs designed to support rising resident acuity and aging‑in‑place, and ongoing improvements to billing, delivery, and communication experiences for operators and residents.

Throughout the court‑supervised process, Omnicare remains focused on supporting its customers and ensuring residents continue to receive safe, reliable pharmacy care.

Additional Information About the Court-Supervised Sale Process

As part of Omnicare's ongoing court-supervised process, GenieRx will serve as a "stalking horse bidder", whereby the agreement with GenieRx will set the floor for the sale of the Company's assets. Accordingly, the proposed agreement is subject to higher or otherwise better offers from other qualified bidders.

The deadline for interested parties to submit competing bids is April 30, 2026. If qualified bids are received, an auction is expected to be held on May 5, 2026. A hearing to approve the sale to the winning bidder will be scheduled shortly thereafter, subject to the availability of the Court.

Additional information regarding Omnicare's court-supervised process is available at www.OmnicareRestructuring.com.

Court filings and other information related to the proceedings, including bidding procedures and instructions on how to file a proof of claim, are available on a separate website administered by Omnicare's claims agent, Stretto, at https://cases.stretto.com/Omnicare, by calling Stretto representatives toll-free at (833) 570-5323 or (949) 276-9547 for calls originating outside of the U.S. or Canada, or by sending an email to TeamOmnicare@stretto.com.

Advisors

Jenner & Block LLP and Haynes Boone are serving as legal counsel, Houlihan Lokey is serving as investment banker and Alvarez & Marsal is serving as restructuring advisor to Omnicare.

About Omnicare

Omnicare is a national leading provider of pharmacy services to the long-term care market, which includes skilled nursing facilities and independent and assisted living communities, addressing the needs of an aging population across the continuum of senior care.

For more information, visit www.omnicare.com.

About CVS Health

CVS Health ® is a leading health solutions company building a world of health around every consumer, wherever they are. As of December 31, 2025, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics and a leading pharmacy benefits manager with approximately 87 million plan members. The Company also serves an estimated more than 37 million people through traditional, voluntary and consumer-directed health insurance products and related services, including highly rated Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company's integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.

Media Contacts

Omnicare
Aaron Palash
212-355-4449
OmnicareMedia@joelefrank.com

CVS Health
Ethan Slavin
860-273-6095
Ethan.Slavin@CVSHealth.com

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SOURCE CVS Health