Omnicare said to be exploring sale
Omnicare Long Term Care Group -- Booth 2013
The nation's largest pharmacy services provider for nursing homes is believed to be looking for a buyer.
Omnicare has engaged financial advisors to help search for a new owner, BloombergBusiness reported Wednesday afternoon, citing sources “with knowledge of the matter.”
With an estimated value of $8.2 billion and clients in thousands of nursing homes, Omnicare is far and away the largest pharmacist for seniors in institutionalized healthcare settings.
The exploration of a possible sale is still just in its beginning stages and there is no guarantee that a deal will be consummated, BloombergBusiness' sources added.
An Omnicare representative declined comment, citing company policy, Bloomberg reported. Omnicare shares achieved a record-high close of $84.52 on Wednesday, an uptick of 4.3%.