© 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
How Does Palletizing Automation Work
News
13/11/2023How Does Palletizing Automation Work

How does palletizing automation work? In the ever-evolving world of technology, automation is playing an increasingly pivotal role across various industries. Palletizing automation, in particular, has revolutionized the way companies handle materials and produ

Read Full PostRead - Eye Icon
Why Your Company Needs an Asset Management Strategy
News
09/08/2021Why Your Company Needs an Asset Management Strategy

Asset management involves the development, operation, maintenance, and sale of assets efficiently and cost-effectively. All companies need to keep tabs on their assets to allow managers to know where and when to employ different assets to maximise returns. Add

Read Full PostRead - Eye Icon
Why Your IT Is Important To Your Physical Security
Innovation
22/02/2023Why Your IT Is Important To Your Physical Security

IT acts as the first barrier in your physical security system and protects your cloud-based physical security features from interception. Merging digital and physical security is necessary to protect your building and the assets stored within your facilities.

Read Full PostRead - Eye Icon
Laws and Regulations Around Waste Management Every Business Owner Needs to Know
Legal
23/11/2023Laws and Regulations Around Waste Management Every Business Owner Needs to Know

It’s important for businesses to stay on top of changing laws and legislation within their sector, and it can be hard to keep up when working weeks become hectic. Waste management might be an area of your business which becomes an afterthought alone, before

Read Full PostRead - Eye Icon
DWF Advise Capita’s Acquisition of Pervasive Networks
Legal
30/07/2015DWF Advise Capita’s Acquisition of Pervasive Networks

DWF Advise Capita's Acquisition of Pervasive Networks

Read Full PostRead - Eye Icon
Ones to Watch for 2016: The Best Boutique Accounting Firm
Legal
06/06/2016Ones to Watch for 2016: The Best Boutique Accounting Firm

Vision Consulting is a boutique firm of chartered accountants and registered auditors set up to service the business needs of their clients.

Read Full PostRead - Eye Icon
Mastering API Automation Testing- Best Practices and Strategies
News
04/09/2023Mastering API Automation Testing- Best Practices and Strategies

The very value of API automation testing cannot be emphasized in the ever-changing environment of software development. It is obvious that APIs (Application Programming Interfaces) are the building elements that allow various elements of software to effortless

Read Full PostRead - Eye Icon
A Trademark  of Success
Leadership
29/09/2016A Trademark of Success

Based in New York, Frommer Lawrence & Haug LLP is a full-service Intellectual Property law firm.

Read Full PostRead - Eye Icon
How Warehouse Management Systems Reduce Business Expenditure
News
27/04/2022How Warehouse Management Systems Reduce Business Expenditure

Maximizing profits is one of the best ways to enhance the growth of your manufacturing firm. This enables you to get enough money to settle operating expenses and expand your investment.  



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