© 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
Celebrating The Mutual Benefit Of Volunteering
Corporate Social Responsibility
30/05/2024Celebrating The Mutual Benefit Of Volunteering

Colleagues from the region’s largest building society have been sharing their positive experiences from volunteering their time and skills to help others, in the lead up to Volunteers’ Week 2024 (3rd – 9th June).

Read Full PostRead - Eye Icon
Outsourcing:  A Tax Effective Solution
Finance
07/05/2015Outsourcing: A Tax Effective Solution

In recent years the tax affairs of large multinational organisations have been subject to greater scrutiny than ever before.

Read Full PostRead - Eye Icon
One of Africa’s Largest Financial Services Groups
Finance
11/10/2017One of Africa’s Largest Financial Services Groups

One of Africa’s Largest Financial Services Groups

Read Full PostRead - Eye Icon
United Bankshares, Inc. Announces Increase in Earnings
Finance
30/04/2015United Bankshares, Inc. Announces Increase in Earnings

United Bankshares, Inc., today announced earnings for the first quarter of 2015. Earnings for the first quarter of 2015 were $34.6 million or $0.50 per diluted share, an increase from earnings of $30.1 million or $0.48 per diluted share for the first quarter o

Read Full PostRead - Eye Icon
Easing the Strains of Relocation
Finance
31/08/2016Easing the Strains of Relocation

Permit Pro provides specialised immigration services for expatriates and their family who plan to work and live in Malaysia.

Read Full PostRead - Eye Icon
Utah Business Building 101: How Do You Start a Business in the State?
News
29/03/2023Utah Business Building 101: How Do You Start a Business in the State?

Creating a business is a great opportunity to make a lasting mark not only on your finances but also on a specific industry. The customer base in the USA is huge! There’s always a demand that needs to be met and a market to be tapped.

Read Full PostRead - Eye Icon
What IT Teams Should Review Before Expanding into New Locations
Strategy
15/06/2026What IT Teams Should Review Before Expanding into New Locations

Scaling into new locations offers real growth potential, but it also puts pressure on existing IT infrastructure in ways that are easy to underestimate. Getting the technical groundwork right before opening a new site avoids the disruption and cost of retrofit

Read Full PostRead - Eye Icon
Roland Jonkhoff Appointed Managing Director of Desso
Finance
02/04/2015Roland Jonkhoff Appointed Managing Director of Desso

Desso, a leading carpets and sport pitches company (part of Tarkett), today announced the appointment of Roland Jonkhoff (46) as Managing Director of Desso.

Read Full PostRead - Eye Icon
From India to International
Leadership
23/05/2022From India to International

Initially formed in 1992, Krishna & Saurastri Associates LLP began its journey in the industry when it merged with a law practice set up in 1956. Recognised as the Leading Intellectual Property Prosecution Law Firm of the Year, Krishna & Saurastri Associates L



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