About Omnicare’s Court-Supervised Process

Frequently Asked Questions

• Who will be the new owner of Omnicare?

  • The Court approved GenieRx as the buyer for Omnicare’s business in full.
  • GenieRx is 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.
  • With GenieRx we will have the opportunity to strengthen how we serve, by staying disciplined in our operations, aligning closely with best practices and working in partnership with providers and communities that count on us.

• 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 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’s Chapter 11 process is over? When will Omnicare close the sale?

  • This approval marks an important step forward and provides a clear path to complete the transaction later this year, subject to regulatory approval and customary closing conditions.
  • Omnicare is continuing to operate as normal.
  • We remain focused on working closely with our customers and delivering safe, reliable pharmacy services.

• What does the sale mean for day-to-day operations? Will there be changes in our strategy?

  • The Court’s approval marks an important step in our court-supervised process and clears path to close the transaction later this year.
  • This announcement does not change our priorities.
  • Omnicare is continuing to operate as normal as we remain focused on working closely with our customers and delivering safe, reliable pharmacy services.

• 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.