© 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
How Does Your Workspace Impact Your Performance And Success?
Strategy
27/01/2023How Does Your Workspace Impact Your Performance And Success?

As an employee, you spend a significant portion of your life in the workplace. You may think it's just a place where you report for work, time in, eat meals, attend meetings, and time out at the end of the day. But there’s more to it than just a cubicle.

Read Full PostRead - Eye Icon
AEREON Acquires Abutec
M&A
13/06/2016AEREON Acquires Abutec

AEREON today announced the acquisition of select assets of Abutec including the Abutec brand.

Read Full PostRead - Eye Icon
The Psychology of Spending: How to Overcome Emotional Spending Habits
News
01/04/2024The Psychology of Spending: How to Overcome Emotional Spending Habits

In the realm of personal finance, understanding the psychology behind spending habits is crucial. Emotional spending can be a significant roadblock on the path to financial wellness. Today, we’re delving into the psychological triggers of emotional spend

Read Full PostRead - Eye Icon
7 Top-Rated Consulting Services for Managing H-2A and H-2B Visa Compliance
News
24/02/20257 Top-Rated Consulting Services for Managing H-2A and H-2B Visa Compliance

7 Top-Rated Consulting Services for Managing H-2A and H-2B Visa Compliance Today’s economy is growing increasingly global as imports and exports blur national borders. However, producing those goods requires human resources — something often lackin

Read Full PostRead - Eye Icon
What the Government’s New Insolvency Act Means For Suppliers
Legal
14/08/2020What the Government’s New Insolvency Act Means For Suppliers

As the country continues to combat coronavirus, the government has urgently fast-tracked a bill through parliament to provide support to businesses across the UK that may become insolvent in the fallout of the pandemic. One of the measures that has been introd

Read Full PostRead - Eye Icon
How Warranties Improve Customer Service
News
24/02/2023How Warranties Improve Customer Service

Any business that sells high-value products should offer a warranty with each purchase to consumers. There are a few reasons why warranties are beneficial for both businesses and consumers, and you should find that it helps to increase sales for any high-value

Read Full PostRead - Eye Icon
Top 7 Services Which Will Help Your Marketing Team Flourish in 2023
News
27/02/2023Top 7 Services Which Will Help Your Marketing Team Flourish in 2023

Are you concerned about expanding your company because you’ve put quite some effort into it? Well, if you are, you’re not making a wrong decision in doing so.

Read Full PostRead - Eye Icon
CEO of the Month: India
Leadership
01/07/2016CEO of the Month: India

SpiceJet, India’s favourite domestic airline, provide low-cost flights to 41 cities across India and international destinations. Working at the helm of this highly successful company is Chairman and Managing Director (CMD).

Read Full PostRead - Eye Icon
Proudly at the Forefront of International Business Law
Legal
08/10/2024Proudly at the Forefront of International Business Law

Among the specialised law firms in Europe, some stand out as eminent options for meeting clients' business law needs.



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