CVS Unit Omnicare Enters Asset Purchase Agreement With GenieRx

Omnicare, a subsidiary of CVS Health, entered into an asset purchase agreement with GenieRx Holdings as part of its ongoing court-supervised sale process.

• GenieRx to serve as the “stalking horse bidder,” setting the floor for the sale of the company’s assets
• GenieRx is a joint partnership between Milrose Capital and Integro Asset Management
• Deadline for competing bids is April 30
• Auction expected on May 5 if qualified bids are received
• NOTE, Dec. 3: Omnicare Approved to Move Forward With Bankruptcy Sale Process

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Guillermo Molero ...