© 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
Tech Leads But Stunning Rise In Interest For Sustainable Businesses, Finds Angel Investment Network Report
Innovation
24/02/2020Tech Leads But Stunning Rise In Interest For Sustainable Businesses, Finds Angel Investment Network Report

Searches for ‘Renewables’ have rocketed by 34 places to be the 14th most searched for term. Meanwhile ‘greentech’, unheard of even a couple of years ago, is now the 19th most popular keyword, up from 47th last year.

Read Full PostRead - Eye Icon
Tokenization: Transforming the Future of Asset Ownership
Finance
26/03/2024Tokenization: Transforming the Future of Asset Ownership

In today's digital age, tokenization has emerged as a groundbreaking concept, revolutionizing the way we perceive assets. Tokenization involves representing tangible or intangible assets in digital form using tokens.

Read Full PostRead - Eye Icon
Cross-Border Payments: Challenges and Solutions for AP Managers
News
20/05/2024Cross-Border Payments: Challenges and Solutions for AP Managers

In today’s global economy, handling cross-border payments effectively is essential for companies that do business internationally. In 2023, the total value of cross-border payments had soared to $190.1 trillion, highlighting the extensive and vital role

Read Full PostRead - Eye Icon
CEO of the Month
Innovation
06/01/2016CEO of the Month

CTRL is a team of Information Technology experts dedicated to the optimization of their client’s business processes.

Read Full PostRead - Eye Icon
Unlocking Corporate Appeal: How Print On Demand Elevates Brand Identity
News
31/08/2023Unlocking Corporate Appeal: How Print On Demand Elevates Brand Identity

Unlocking Corporate Appeal: How Print On Demand Elevates Brand Identity As companies try to make a name for themselves in the digital age, it is important to use strategies that help them stand out. Even though there are a lot of different ways to sell, print

Read Full PostRead - Eye Icon
How Foreign Businesses Can Gain a Foothold Within the English-Speaking Marketplace
News
11/01/2022How Foreign Businesses Can Gain a Foothold Within the English-Speaking Marketplace

There are numerous opportunities to be encountered within the English-speaking marketplace. This is why countless businesses have already taken the leap into such a bustling community.

Read Full PostRead - Eye Icon
Mergers and Acquisitions Gain Momentum in European Medical Device Sector
M&A
14/04/2015Mergers and Acquisitions Gain Momentum in European Medical Device Sector

The contribution of US buyers to M&As in Europe is expected to increase, finds Frost & Sullivan.

Read Full PostRead - Eye Icon
Haskell Acquires Leidos Constructors and Design Assets
M&A
16/03/2016Haskell Acquires Leidos Constructors and Design Assets

Haskell, one of the leading fully integrated design, engineering and construction firms, announced today that it has signed a definitive agreement to acquire Leidos Constructors, LLC.

Read Full PostRead - Eye Icon
How to Avoid the Top 5 Reasons for ERP Failure
News
06/12/2021How to Avoid the Top 5 Reasons for ERP Failure

Growth for any company is always a healthy sign. As your business grows, the process to centralize all systems, procedures, and communications between departments becomes increasingly complex. This might negatively impact your operations and cause a major fina



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