© Copyright Acquisition International 2025 - 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
Does Your Business Need a Criminal Lawyer? 4 Ways Criminal Lawyers Work With the Corporate World
Leadership
04/11/2022Does Your Business Need a Criminal Lawyer? 4 Ways Criminal Lawyers Work With the Corporate World

If you run a business, you might assume that your legal requirements will be met by a corporate lawyer, with this type of expert helping to oversee things like contracts, employee disputes, compliance and so forth.

Read Full PostRead - Eye Icon
Construction Lawyer Reaches New Heights
Leadership
14/04/2020Construction Lawyer Reaches New Heights

Law is an arena in which experience and expertise can provide a cutting edge over the competition. In construction law today, being knowledgeable about everything from planning to completion is a necessity. Bringing all of that and so much more to the table is

Read Full PostRead - Eye Icon
Ingenious IP Lawyer
Legal
18/01/2021Ingenious IP Lawyer

The murky world of Intellectual Property is hotly contested, with many law firms handling portfolios on a client’s behalf. As we look once again to those lights of the legal profession, we turn to Santiago R. O’Conor, the Leading Intellectual Property Pros

Read Full PostRead - Eye Icon
Navigating the Future of Domains: Key Trends and Innovations Expected in 2024
News
12/07/2024Navigating the Future of Domains: Key Trends and Innovations Expected in 2024

Now that we’re deep into 2024, the situation with web addresses is changing quickly. The future of domains will be influenced by different technological progressions and shifts in digital trends. Keeping up with these changes is very important for busine

Read Full PostRead - Eye Icon
Changing of the Guard
Leadership
02/12/2019Changing of the Guard

Changing of the Guard The London Internet Exchange (LINX) was established in 1994, using a donated piece of equipment no larger than a set-top box, no legal contracts and five founding members wanting to keep traffic local and avoid transatlantic fees. Now spr

Read Full PostRead - Eye Icon
Consolidations Taking Place in the International Money Transfer Space
Finance
05/10/2021Consolidations Taking Place in the International Money Transfer Space

And as we move into Q4 2021, more firms in the international money transfer industry are set to add to the fireworks. Overall, though, the industry is about to get less crowded.

Read Full PostRead - Eye Icon
Securing Digital Identities Across the Globe
News
09/07/2024Securing Digital Identities Across the Globe

Resecurity specializes in providing its worldwide client base with exceptional Cyber Intelligence Services (CTI) that safeguard its businesses, employees, and customers.

Read Full PostRead - Eye Icon
Allen & Overy Advise on AMP Capital & 3i Infrastructure’s Acquisition of Esvagt
Finance
27/08/2015Allen & Overy Advise on AMP Capital & 3i Infrastructure’s Acquisition of Esvagt

Allen & Overy Advise on AMP Capital & 3i Infrastructure's Acquisition of Esvagt

Read Full PostRead - Eye Icon
Evraz Highveld Files for Business Rescue: What Will Be the Impact on the Vanadium Market?
Finance
17/04/2015Evraz Highveld Files for Business Rescue: What Will Be the Impact on the Vanadium Market?

Whilst there have been no details released about the likely impact on short-term production, the news could have a profound impact on the vanadium market.



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 14 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