Omnicare, a CVS Health subsidiary that provides pharmacy services to skilled nursing facilities, independent and assisted living communities and other segments of the long-term care market, filed for bankruptcy Monday. The company said in a press release that it attributed the move to recent litigation and added that it will also use this process to address other financial challenges facing the entire long-term care pharmacy industry. While doing so, Omnicare will evaluate the implementation of a standalone restructuring, a sale and other restructuring options, according to the release. In the meantime, during the court-supervised Chapter 11 process, the company will continue to provide pharmacy services to its customers, per the release. Bloomberg reported Monday that Omnicare was ordered to pay $949 million in a civil judgment in a case in which it was alleged that the company improperly dispensed prescription drugs to people in long-term care.
In a social media landscape shaped by hashtags, algorithms, and viral posts, nurse leaders must decide: Will they let the narrative spiral, or can they adapt and join the conversation?
...
