© 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
APC Technology Group Acquisition of EEVS Insight Ltd
Innovation
04/08/2015APC Technology Group Acquisition of EEVS Insight Ltd

APC Technology Group Acquisition of EEVS Insight Ltd

Read Full PostRead - Eye Icon
Next Generation Private Banking
Finance
31/07/2016Next Generation Private Banking

Founded in 2007, BRT is a dynamic and unique firm that specialises in providing middle and back office support to asset managers, hedge funds, private banks and family offices.

Read Full PostRead - Eye Icon
Coinsilium Purchase of own Shares with Cash and Cryptocurrency
Finance
15/03/2018Coinsilium Purchase of own Shares with Cash and Cryptocurrency

Coinsilium Group Limited (NEX: COIN), the blockchain venture builder, advisor and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce that on 7 March 2018, the Company completed the purchase

Read Full PostRead - Eye Icon
Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition
Legal
07/05/2015Maclay Murray & Spens Advises Phoenix Fund Services During Maitland’s Acquisition

Maclay Murray & Spens Advises Phoenix Fund Services During Maitland's Acquisition

Read Full PostRead - Eye Icon
Innovations In the Printing Industry
Innovation
18/05/2022Innovations In the Printing Industry

Technology is increasingly replacing many old techniques of operation and project management. Print and design are two examples of industries undergoing transitions and developments.

Read Full PostRead - Eye Icon
The Future of Salon Management: Embracing Technology for Better Results
Innovation
03/03/2023The Future of Salon Management: Embracing Technology for Better Results

Salon management has changed drastically in the past few decades. From the adoption of modern technologies to more efficient operational systems, salons have made significant strides in improving their services.

Read Full PostRead - Eye Icon
Social Media for Lawyers & Law Firms: What and How?
News
29/08/2023Social Media for Lawyers & Law Firms: What and How?

Social media is a pretty powerful tool when used correctly. And when used incorrectly or without much thought and planning, it will give you exactly zero leads and sales. Just having accounts on 5 social media websites and posting the same stuff on all of them

Read Full PostRead - Eye Icon
The World Leader  in Ozone Generators
Finance
02/11/2016The World Leader in Ozone Generators

BiOzone Corporation is a world-leading manufacturer of ozone generators and ozone water treatment process trains, designed to meet a wide range of water and air pollution oxidation needs.

Read Full PostRead - Eye Icon
AccessibilityOz
Innovation
08/06/2016AccessibilityOz

AccessibilityOz is an accessibility consultancy based in Australia and the United States whose mission is to make organisations more accessible to people with disabilities.



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