Omnicare

Omnicare will pay $50 million over controlled substances charges

May 14, 2012

Long-term care pharmacy provider Omnicare has agreed to pay the government $50 million to settle charges that it illegally dispensed controlled medications to long-term care residents.

Omnicare drops bid for PharMerica

February 29, 2012

Omnicare has officially ended its attempt to absorb PharMerica Corp. The reversal comes less than a month after federal regulators attempted to block the deal. Officials said the merger would have created an institutional pharmacy company that reaches nearly 60% of the nation's nursing home beds. PharMerica has repeatedly tried to prevent the takeover since it was announced last year. PharMerica countered that the offer was insufficient and was unlikely to survive antitrust scrutiny.

Omnicare ends PharMerica takeover attempt, posts 4Q profit

February 24, 2012

Leading long-term care pharmacy provider Omnicare, which announced this week that it has ended its efforts to takeover competitor PharMerica, posted a profit in the fourth quarter.

Omnicare extends purchase offer for PharMerica until January

December 07, 2011

Omnicare announced Monday that it is extending its offer to purchase all outstanding shares of rival PharMerica for $15 per share to Jan. 20. The original offer was scheduled to expire Dec. 2.

Mariner settles multimillion kickback case

October 27, 2011

Maryland and North Carolina are among several states set to receive a portion of the settlement stemming from a nursing home company kickback case.

Proposed regulation would strip nursing home pharmacy providers of oversight duties

October 06, 2011

A proposed regulation that would require nursing homes to hire independent pharmacists to oversee residents' medication plan regimens could have a huge impact on pharmacy services suppliers such as Omnicare and PharMerica.

Omnicare files suit against PharMerica

September 09, 2011

Omnicare has filed a lawsuit in hopes of making PharMerica accept a $440 million purchase offer and halt a poison pill anti-takeover defense.

Rebuffed by PharMerica top brass, Omnicare appeals to board members in purchase attempt

August 24, 2011

Omnicare's top management decided private negotiations with their counterparts at takeover target PharMerica were not working. So on Tuesday, Omnicare went public with an announced $15 per share bid for the company. The proposed deal would involve the No. 1 institutional pharmacy provider purchasing the No. 2 for $715 million, according to an Omnicare announcement.

Omnicare goes public with bid to buy rival PharMerica for $716 million

August 23, 2011

Omnicare, the biggest institutional pharmacy provider in the long-term care sector, publicly announced a $715 million bid for top rival PharMerica on Tuesday. Dissatisfied with the outcome of behind-doors talks over the past four months, Omnicare leaders decided to take their case directly to PharMerica board members.

Nursing home providers agree to $14 million settlement in kickback case

March 02, 2010

Mariner Health Care Inc. and SavaSenior Care have agreed to pay $14 million to the U.S. in the latest development in the Omnicare pharmacy kickback scandal, according to new reports.

Omnicare to pay $98 million settlement in kickback scheme; separate complaint filed against Mariner, SavaSenior Care nursing home chains

November 05, 2009

Long-term care pharmacy giant Omnicare has agreed to pay a $98 million settlement in connection with allegations it engaged in an illegal kickback scheme with drug maker Ivax, the U.S. Department of Justice announced Tuesday.