© 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
Calligo acquires renowned Canadian IT MSP, Mico Systems Inc
M&A
01/05/2018Calligo acquires renowned Canadian IT MSP, Mico Systems Inc

Acquisition of Ontario-based outsourced IT services company continues Calligo’s rapid North American growth and opens up global provision of new managed services

Read Full PostRead - Eye Icon
The Path to Automatic Citizenship: Exploring Different Scenarios
News
13/11/2023The Path to Automatic Citizenship: Exploring Different Scenarios

Citizenship signifies a bond, a mutual pact between an individual and a nation. Historically, it has been the culmination of a journey, often marked by years of residency, cultural assimilation, or ancestral ties. Yet, in a world rapidly evolving, the concept

Read Full PostRead - Eye Icon
Guide on How to Write a Dissertation Proposal in Finance and Accounting
News
18/08/2021Guide on How to Write a Dissertation Proposal in Finance and Accounting

A dissertation proposal gives your supervisor and the department an idea of the subject you wish to discuss. It also helps you to narrow down the discussion to a few ideas, especially demonstrating an understanding of the subject you wish to discuss. Professio

Read Full PostRead - Eye Icon
Worley confirms acquisition of offshore wind specialist 3sun Group
Innovation
28/10/2019Worley confirms acquisition of offshore wind specialist 3sun Group

Deal brings enhanced operations and maintenance offering to the global market.

Read Full PostRead - Eye Icon
Winds of Change
Leadership
19/03/2021Winds of Change

Key to a thriving business is the ability of a company to adapt to changing circumstances, but managing this change is never easy. It requires leadership not just to acknowledge the difficulties of upgrading systems, but the value of the people who will run th

Read Full PostRead - Eye Icon
International Accounting Day 2023: TFO SOLUTIONS
News
06/11/2023International Accounting Day 2023: TFO SOLUTIONS

Tina O’Banion’s strong understanding of accounting and financial responsibility stems back to her childhood, where her mother, who was an accountant herself, taught her the great importance of managing money responsibly.

Read Full PostRead - Eye Icon
How Augmented Reality is Changing Business in the UK
Innovation
23/05/2022How Augmented Reality is Changing Business in the UK

On the internet, augmented reality (AR) is already making waves. AR filters are all over Instagram, from Rihanna's glittering diamond headpiece to Kylie Jenner's strong lipstick colours.

Read Full PostRead - Eye Icon
How Debt Impacts Climate Disasters
Finance
16/05/2023How Debt Impacts Climate Disasters

Most of the countries that are vulnerable to climate disasters are also struggling with debt, which is making it harder for them to respond effectively to climate-related emergencies.

Read Full PostRead - Eye Icon
Mitel’s Acquisition of Mavenir
M&A
03/06/2015Mitel’s Acquisition of Mavenir

Mitel's Acquisition of Mavenir



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