© Copyright Acquisition International 2025 - 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 Influence of Digital Footprints on Business Reputation and Trust
News
25/02/2025The Influence of Digital Footprints on Business Reputation and Trust

Although the internet creates new opportunities to reach consumers, it also introduces complications.

Read Full PostRead - Eye Icon
Over a Third of International Employers Do Not Offer Enough Health and Wellbeing Benefits and This Impacts Their Recruitment and Retention
News
12/03/2025Over a Third of International Employers Do Not Offer Enough Health and Wellbeing Benefits and This Impacts Their Recruitment and Retention

In research issued by Towergate Employee Benefits, over a third (37%) of companies with employees based outside of the UK stated that they do not offer enough health and wellbeing support and that this impacts their ability to recruit and retain people.

Read Full PostRead - Eye Icon
AI Content Conundrum: Sentiment Degradation Exacerbating the Misinformation Age
Innovation
13/05/2024AI Content Conundrum: Sentiment Degradation Exacerbating the Misinformation Age

With industries across the board becoming increasingly adept at using AI-driven Large Language Models (LLMs) like OpenAI’s ChatGPT, Anthropic’s Claude2 and Meta AI’s Llama2, it begs one obvious question: How do we make sure all of the content out there i

Read Full PostRead - Eye Icon
Ones to Watch for 2016: The Best Boutique Accounting Firm
Legal
06/06/2016Ones to Watch for 2016: The Best Boutique Accounting Firm

Vision Consulting is a boutique firm of chartered accountants and registered auditors set up to service the business needs of their clients.

Read Full PostRead - Eye Icon
Why Your Company Needs an Asset Management Strategy
News
09/08/2021Why Your Company Needs an Asset Management Strategy

Asset management involves the development, operation, maintenance, and sale of assets efficiently and cost-effectively. All companies need to keep tabs on their assets to allow managers to know where and when to employ different assets to maximise returns. Add

Read Full PostRead - Eye Icon
How To Start A Business From Home
Innovation
31/08/2022How To Start A Business From Home

When starting a business from home, there are a lot of factors to consider. We have broken down the top things to think about when getting started.

Read Full PostRead - Eye Icon
Israel’s RR Media acquires Eastern Space Systems in Romania
M&A
06/05/2015Israel’s RR Media acquires Eastern Space Systems in Romania

RR Media (NASDAQ: RRM), formerly known as RRsat Global, a leading provider of global digital media services to the broadcast industry, has announced the acquisition of Eastern Space Systems (ESS) in Romania, a privately held provider of content management and

Read Full PostRead - Eye Icon
M&A Appetite on the up, but Completed Deals Slide, says KPMG
Finance
08/09/2015M&A Appetite on the up, but Completed Deals Slide, says KPMG

Despite the recent turbulence in the markets, analysts expect the world’s largest businesses to show an increasing appetite for M&A transactions.

Read Full PostRead - Eye Icon
JP Morgan Advise IK Investment’s Acquisition of Cérélia Group
Legal
24/06/2015JP Morgan Advise IK Investment’s Acquisition of Cérélia Group

JP Morgan Advise IK Investment's Acquisition of Cérélia Group



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