Ceremony Assist is closing all areas, in line with a current submit on the U.S. pharmacy chain’s web site.
“All Ceremony Assist shops have now closed. We thank our loyal clients for his or her a few years of assist,” learn a submit on the backside of the Ceremony Assist web site.
CBS Information reached out to Ceremony Assist for touch upon Saturday.
Ceremony Assist filed for chapter in Might, the second such submitting in practically two years. The corporate additionally filed for chapter in October 2023 and stated on the time that the restructuring would “considerably scale back the corporate’s debt” whereas serving to to “resolve litigation claims in an equitable method.” Ceremony Assist stated it deliberate to shut down 154 shops after the submitting.
The corporate obtained $3.45 billion in recent financing because it carried out a restructuring plan and handled dips in gross sales and opioid-related lawsuits.
Greater than 520 Ceremony Assist pharmacies have closed since October 2023, which is a couple of quarter of the two,111 open on the time of the chapter submitting.
The Justice Division filed a grievance in opposition to Ceremony Assist in March 2023, accusing the corporate of violating the False Claims Act and the Managed Substances Act by filling illegal prescriptions for medicine akin to oxycodone, fentanyl and benzodiazepine and ignoring inner crimson flags in regards to the prescriptions, CBS Information reported.
The web site for the corporate based in 1962 now solely exhibits a service to assist former clients discover a new pharmacy and a hyperlink to request pharmacy data.
