© 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
The Smart City Technology Market is Expected to Be Worth More Than $27.5 Billion Annually by 2023
Finance
13/02/2015The Smart City Technology Market is Expected to Be Worth More Than $27.5 Billion Annually by 2023

A recent report from Navigant Research examines the strategy and execution of 16 leading smart city suppliers.

Read Full PostRead - Eye Icon
Top Reasons Your Business Isn’t Making Money
News
15/06/2022Top Reasons Your Business Isn’t Making Money

Has your business become a financial liability instead of an asset? As more than half of all small businesses fail within the first five years, you can imagine that many people have likely found themselves in this situation. They invested a lot of time, money,

Read Full PostRead - Eye Icon
Estin & Co Advise Naxicap Acquisition of FIK Group from Perceva
Legal
24/06/2015Estin & Co Advise Naxicap Acquisition of FIK Group from Perceva

Estin & Co Advise Capital Export During Backing of Celec BIMBO

Read Full PostRead - Eye Icon
Most Innovative Law Firm of 2016, Germany
Innovation
04/04/2016Most Innovative Law Firm of 2016, Germany

Wülfing Zeuner Rechel (WZR) is a German legal firm with a focus on emerging markets and a dedication to client service.

Read Full PostRead - Eye Icon
Why Major in Telecommunication Is a Good Idea Today
Strategy
13/02/2024Why Major in Telecommunication Is a Good Idea Today

In an era where communication technology is at the forefront of societal advancement, majoring in telecommunication has become increasingly relevant and appealing.

Read Full PostRead - Eye Icon
Connecting to Success
Innovation
24/10/2019Connecting to Success

In a world that is increasingly focused on incorporating the latest technology and software, it is important to ensure that all industries have the ability to solve problems using high-performance computing systems. X-ISS is a cross-platform management and ana

Read Full PostRead - Eye Icon
The Top Website Metrics to Track for Business Success
News
27/03/2023The Top Website Metrics to Track for Business Success

Website metrics are data used to compare an organization’s overall goals to its online performance. They represent how effectively visitors are educated and converted to paying consumers by a website’s functionality, content, and services.

Read Full PostRead - Eye Icon
The Best Practices for Safe and Efficient Freight Shipping
News
05/08/2024The Best Practices for Safe and Efficient Freight Shipping

Freight shipping is a very important part of global trade, helping businesses move goods over long distances. Getting goods ready the right way for freight shipping is necessary to make sure they reach their place safely and without problems. This needs carefu

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



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