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CVS nabs Omnicare for $12.7 billion

May 21, 2015HME News Staff

WOONSOCKET, R.I., and CINCINNATI- CVS Health Corp today announced plans to acquire Cincinnati-based Omnicare for $12.7 billion in cash. The deal includes $2.3 billion of the pharmacy provider's debt. “(The acquisition) creates new opportunities for us to extend our high-quality, innovative pharmacy programs to a broader population of seniors and chronic care patients as they transition across the care continuum,” said Larry Merlo, president and CEO of CVS Health, in a release. The...

CVS Health, Omnicare

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