© Copyright Acquisition International 2024 - 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
King & Wood Mallesons Advise Colgate-Palmolive During Sale to Henkel
Legal
10/06/2015King & Wood Mallesons Advise Colgate-Palmolive During Sale to Henkel

King & Wood Mallesons Advise Colgate-Palmolive During Sale to Henkel

Read Full PostRead - Eye Icon
How Does Digital Video Consumption Contribute to the Global Carbon Footprint?
Innovation
01/11/2023How Does Digital Video Consumption Contribute to the Global Carbon Footprint?

As video traffic flowing over public internet and corporate information technology (IT) networks explode at exponential rates, the technology community is coming to grips with the environmental implications of this resource-intensive category of traffic.

Read Full PostRead - Eye Icon
What Does a Personal Injury Lawyer Do?
Legal
30/05/2023What Does a Personal Injury Lawyer Do?

Do you live in Joliet IL, and the surrounding areas? Have you been physically injured in a road accident due to the negligence of another driver and need compensation?

Read Full PostRead - Eye Icon
How to Identify and Prevent a Cyber Attack
Innovation
13/01/2023How to Identify and Prevent a Cyber Attack

Cyber threats and risks are evolving at an increasingly rapid scale. Businesses everywhere are failing to react quickly enough to malicious cyber attacks, and as such, they can suffer irreparable damage to finances, systems, data and reputation.

Read Full PostRead - Eye Icon
How to Get Out of Credit Card Debt
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 PostRead - Eye Icon
SeedTribe relaunches as ‘impact hub’ – powering profit-with-purpose driven businesses
Innovation
03/12/2019SeedTribe relaunches as ‘impact hub’ – powering profit-with-purpose driven businesses

Ethical investment platform SeedTribe has relaunched as a new UK-focused impact hub. The platform will connect startups with individuals, corporates and governments interested in helping profit-with-purpose businesses. SeedTribe’s new focus will be supportin

Read Full PostRead - Eye Icon
Protecting Money in the Digital Age
Finance
13/11/2023Protecting Money in the Digital Age

Money Protects is an innovative financial and technology company based in Dubai, focused on providing clients with services relating to managing wealth and ensuring stable finances that will keep them debt free for a sustainable future.

Read Full PostRead - Eye Icon
CEO of the Month
Innovation
06/01/2016CEO of the Month

CTRL is a team of Information Technology experts dedicated to the optimization of their client’s business processes.

Read Full PostRead - Eye Icon
8 Tips For a Budget-Savvy Office Redesign
M&A
01/07/20228 Tips For a Budget-Savvy Office Redesign

The office space motivates team members to deliver their best during the workday if the design inspires them. If the office seems dull and dreary, the workers might be too. Realizing the office needs a change is the first step to a beautiful redesign.



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