Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Posted 22nd May 2015

CVS to buy Omnicare for $12.7 Billion

Deal to boost pharmacy chain’s services for the growing elderly population.

Scroll to keep reading

CVS to buy Omnicare for $12.7 Billion

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 Post

Finance

31/08/2022The Pros and Cons of Owning an Airbnb

If you are searching for the pros and cons of renting your home on Airbnb, you are probably thinking of becoming an Airbnb host. Well, in this article we will try and help you figure out if it is a good idea. We will cover a few things you need to have in mind

Read Full Post

Leadership

25/08/2020Outstanding Care from Overington

As one of the most outstanding and multi-award winning care agencies, Overington Care Ltd. sets a standard in the industry that few could ever hope to match. Supporting individuals to remain independent in their own home, it is no wonder that Overington Care h

Read Full Post

Innovation

04/08/2021Research Shows Many Users Do Nothing to Protect Their Smart Devices

New research by the leading cybersecurity solution NordVPN shows that users don’t take the security of their IoT devices seriously. Almost 88% of people have some kind of IoT device in their household. However, some of them take very little action against th

Read Full Post

Finance

14/04/2022How to Get Out of Credit Card Debt

Several people do not pay off their credit card debts as soon as possible. The reasons for not clearing the debts could be several, with the most common one being maintaining a healthy credit score.

Read Full Post

Finance

27/05/2015Challenges and Alternatives for the Brazilian Importer

We hear from Carlos Ayub as he talks us through the challenges and alternatives for the Brazilian importer under the transfer pricing regulations.

Read Full Post

Strategy

27/01/2023How Does Your Workspace Impact Your Performance And Success?

As an employee, you spend a significant portion of your life in the workplace. You may think it's just a place where you report for work, time in, eat meals, attend meetings, and time out at the end of the day. But there’s more to it than just a cubicle.

Read Full Post

News

19/02/2024AI in Finance: How Fintech Leverages Machine Learning to Transform Banking

Artificial Intelligence (AI) and Machine Learning (ML) are not just buzzwords but pivotal tools reshaping how we interact with money, from automated investing to fraud detection. This transformation is not just a glimpse into the future; it’s the reality

Read Full Post

Finance

02/02/2016TowerJazz Finishes Acquisition of Maxim’s Fabrication Facility in Texas

TowerJazz announced today that it completed its previously announced acquisition of an 8-inch wafer fabrication facility in San Antonio, Texas from Maxim Integrated Products, Inc.

Read Full Post

Strategy

19/01/2024How Do I Ensure My Business Survives in the Modern Day?

When it comes to the modern day, businesses have an opportunity to fall at the waste side or adapt to the developing technologies. Technological development and the introduction of the Internet have brought various businesses opportunities to grow and succeed

View More Articles

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.

MORE BRANDS