© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - CVS to buy Omnicare for $12.7 Billion
Posted 22nd May 2015

CVS to buy Omnicare for $12.7 Billion

Deal to boost pharmacy chain’s services for the growing elderly population.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

CVS to buy Omnicare for $12.7 Billion
Image

CVS to buy Omnicare for $12.7 Billion

The U.S. based CVS Health Corp. has agreed to purchase elderly health provider Omnicare Inc. within a deal valued at $12.7 Billion. The will enable CVS to boost it’s pharmacy chains services to cater for the growing elderly patient population in the U.S. 

The offer is for $98 per share and is a 3.6% premium to Omniare’s closing price OCR which was +1.72% on Wednesday. the value of the deal include $2.3 billion of debt. 

CVS said the deal will significantly boost its ability to dispense prescriptions in assisted-living and long-term care facilities, whilst expecting the deal will add 20 cents to its adjusted per-share earnings next year and become increasingly accretive after that. CVS also said it expects to see revenue synergies.

Categories: M&A


You Might Also Like
Read Full PostRead - Eye Icon
83% of M&A Professionals Say AI Is Increasing Pressure on Senior Staff
M&A
26/02/202683% of M&A Professionals Say AI Is Increasing Pressure on Senior Staff

A new report by UpSlide reveals major challenges at the heart of AI’s adoption in the M&A sector.

Read Full PostRead - Eye Icon
Securing Repeatable Project Success
Leadership
11/01/2021Securing Repeatable Project Success

Managing a project proactively and effectively is very often the key to ensuring a successful outcome. So much emphasis can be placed on results, that the process of managing the project throughout can sometimes be lost. However, one firm has taken it upon its

Read Full PostRead - Eye Icon
The Top Five Myths Surrounding AI Revealed by UK Business Leaders
News
25/10/2023The Top Five Myths Surrounding AI Revealed by UK Business Leaders

When cloud-based accounting software bluQube surveyed UK business leaders, five troublesome myths surrounding AI were exposed. Let’s deep dive and explore the top five misconceptions holding businesses back from implementing the innovative solution.

Read Full PostRead - Eye Icon
Eight Practical Ways to Motivate Employees in Canada
Leadership
27/06/2023Eight Practical Ways to Motivate Employees in Canada

Motivating your employees is essential for fostering a positive work environment, boosting productivity, and increasing overall job satisfaction.

Read Full PostRead - Eye Icon
What to Consider When Setting Up a Payroll System for Your Small Business
News
02/12/2021What to Consider When Setting Up a Payroll System for Your Small Business

It’s a good idea for any business to have an accurate and up-to-date payroll system. Some people might not think about the need to have a payroll system until they’re ready to hire employees. Thus, having one in place before you start hiring is muc

Read Full PostRead - Eye Icon
relayr Completes Second Strategic Acquisition
Innovation
28/02/2017relayr Completes Second Strategic Acquisition

relayr, the global enterprise Internet-of-Things (IoT) platform provider, announces its second strategic acquisition within two months.

Read Full PostRead - Eye Icon
Growth in Edge Data Centre: The Solution for AI Adoption
Innovation
21/08/2024Growth in Edge Data Centre: The Solution for AI Adoption

Data centres by their nature consume high amounts of energy, which will continue to rise with the introduction of AI. Having to store and analyse data to be able to train machine learning (ML) and utilising large language models (LLMs) are constantly increasin

Read Full PostRead - Eye Icon
In Data We Trust: Possible Career Opportunities With a Degree in Data Science
Innovation
21/12/2022In Data We Trust: Possible Career Opportunities With a Degree in Data Science

Data science is the process of using scientific methods and systems to extract key information from various forms of data. Data science is one of the most sought-after fields in the United Kingdom, meaning this is a perfect time for budding data scientists to

Read Full PostRead - Eye Icon
A Market Leader in Essential Import and Export Support: Strong & Herd LLP
News
14/12/2023A Market Leader in Essential Import and Export Support: Strong & Herd LLP

Established in 1995, Strong & Herd LLP assist businesses with import and export support in international trade and customs compliance.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow