© 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 Top Trends in Company Formations
Leadership
22/12/2016The Top Trends in Company Formations

Hawksford Roundtable

Read Full PostRead - Eye Icon
Hyundai Heavy Industries and Scania Announce Partnership
M&A
20/04/2015Hyundai Heavy Industries and Scania Announce Partnership

Scania will supply engines for next-generation large excavators and wheel loaders made by Hyundai Heavy Industries’ Construction Equipment division, under a new partnership.

Read Full PostRead - Eye Icon
Citius Pharmaceuticals Completes Acquisition of Leonard-Meron Biosciences
M&A
05/04/2016Citius Pharmaceuticals Completes Acquisition of Leonard-Meron Biosciences

Citius Pharmaceuticals, Inc.today announced completion of the acquisition of Leonard-Meron Biosciences, Inc.

Read Full PostRead - Eye Icon
Kosmos Energy Makes Significant Gas Discovery Offshore Mauritania
Strategy
27/04/2015Kosmos Energy Makes Significant Gas Discovery Offshore Mauritania

Kosmos Energy announced today that the Tortue-1 exploration well, drilled to test the Tortue West prospect, which forms part of the Greater Tortue Complex, in Block C-8 offshore Mauritania has made a significant, play-opening gas discovery.

Read Full PostRead - Eye Icon
Driving Force
News
16/04/2021Driving Force

Helping organizations to reduce collisions, injuries, license violations and total cost of fleet ownership through a patented driver risk management program, eDrivingSM is a clear market leader in its field. As the global enterprise celebrates twenty-five year

Read Full PostRead - Eye Icon
Cloud Pioneer Liaison Technologies Launches Industry’s First dPaaS
Innovation
02/04/2015Cloud Pioneer Liaison Technologies Launches Industry’s First dPaaS

Liaison Technologies, the industry-recognized leader in cloud-based integration and data management offerings, today announced the availability of the Liaison Alloy Platform™, the industry's first dPaaS (Data Platform as a Service) solution.

Read Full PostRead - Eye Icon
Unique Legal & Tax Requirements When Setting Up a Business in California
News
06/06/2023Unique Legal & Tax Requirements When Setting Up a Business in California

Whether you’re a native looking to start a new business or a newcomer wanting to put down more than just roots, starting a business in the Golden State comes with its fair share of opportunities – and risks.

Read Full PostRead - Eye Icon
Cruz Marcelo & Tenefrancia
Finance
31/08/2016Cruz Marcelo & Tenefrancia

Cruz Marcelo & Tenefrancia is a full-service firm with proven expertise in different practice areas such as corporate and commercial law, intellectual property, litigation and dispute resolution, to name just a few.

Read Full PostRead - Eye Icon
New Approach Needed to Tackle Mental Ill-Health at Work, Says OECD
Strategy
05/03/2015New Approach Needed to Tackle Mental Ill-Health at Work, Says OECD

Health and employment services should intervene earlier, involve key stakeholders and ensure they work together in order to help people with mental-health issues find work and stay in a job.



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