About Omnicare’s Court-Supervised Process

Frequently Asked Questions

• Why did Omnicare enter into an asset purchase agreement?

  • When Omnicare initiated Chapter 11 proceedings, we said that as part of this process we would consider a sale strategy as an option for our business.
  • This is an important step in that process, and we are confident that we are taking the right steps to advance our goal of ensuring the continued delivery of safe and reliable pharmacy services.
  • The Company also intends to use this process to address other financial challenges facing the broader long-term care pharmacy industry and to evaluate all options, including the implementation of a sale strategy.
  • As we move through the court-supervised process, we remain fully committed to delivering safe and reliable pharmacy and clinical services to our customers and residents.

• When will Omnicare complete the sale process?

  • This is just one step in the process.
  • 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.

• What is Chapter 11?

  • Chapter 11 is a legal tool that allows companies to reorganize their finances and address liabilities while they continue operating. It does not mean that a business is shutting down.

• Why did Omnicare file for Chapter 11?

  • We were engaged in a civil lawsuit in the U.S. District Court for the Southern District of New York.
  • To resolve issues related to the litigation and address other financial challenges facing the broader long-term care pharmacy industry, Omnicare has initiated a voluntary court-supervised Chapter 11 process.
  • This is a proactive step that enables us to move forward and help ensure the continued delivery of safe and reliable pharmacy and clinical services to our customers and residents.

• Does this mean Omnicare is going out of business?

  • We are continuing to operate as normal and remain fully focused on meeting the pharmacy needs of our customers and long-term care residents.
  • During the court-supervised process, Omnicare customers and patients can continue to access pharmacy and clinical services without disruption.

• How will the court-supervised process affect Omnicare’s day-to-day operations?

  • We are continuing to operate as normal throughout this process.
  • Providing safe and reliable pharmacy and clinical services to our customers and residents remains our top priority as we move ahead.

• Where can I find more information?

  • Additional stakeholder resources and information regarding the court-supervised process is available at www.OmnicareRestructuring.com.
  • Court filings and other information related to the proceedings, including instructions on how to file a proof of claim, are available on a separate website administered by the Company’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.

• What does this mean for customers?

  • Supporting our customers and residents remains our top priority.
  • Throughout the court-supervised process, we remain fully committed to providing you – and all of your residents – with safe and reliable pharmacy and clinical services.
  • From everyday care to specialized services – we are operating as normal, so you can focus on what matters most: meeting the pharmacy needs of your long-term care residents.

• What does this mean for patients / residents?

  • You should expect no changes to how we serve you as we move through this process.
  • From everyday care to specialized services, we remain fully committed to working closely with your healthcare facility to provide you with high quality care and meet your pharmacy needs.
  • As always, delivering safe and reliable pharmacy services to the patients we serve remains our top priority.

• What does this mean for PBMs who fill prescriptions through Omnicare?

  • As we move through this process, we will continue to support your members and fill their prescriptions.
  • You should expect no changes to how we work together.
  • We remain fully committed to delivering safe and reliable pharmacy and clinical services to our customers and residents.
  • Thank you for your continued support.

• What does this mean for vendors and suppliers that support Omnicare?

  • As part of federal law under the U.S. Bankruptcy Code, we have to pay vendors and suppliers in full under normal terms for goods and services provided after the filing date.
  • We have access to sufficient cash to conduct normal operations during this process, including paying our vendors.
  • We rely on your cooperation – and the cooperation of all of our vendors – as you play a critical role in enabling us to provide safe and reliable pharmacy and clinical services for our customers and residents as we move through this process.