Omnicare

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File:Omnicare NYSE 2011 Shankbone.jpg
Omnicare at the New York Stock Exchange in 2011

Omnicare is a provider of pharmacy services to long-term care facilities and other healthcare settings. The company was founded in 1981 and is headquartered in Cincinnati, Ohio. Omnicare specializes in the delivery of pharmaceuticals and related services to nursing homes, assisted living facilities, and other chronic care settings.

History[edit]

Omnicare was established in 1981 and quickly grew through a series of acquisitions. By the 1990s, it had become a leading provider of pharmacy services to long-term care facilities. In 2015, Omnicare was acquired by CVS Health, a major American healthcare company, for approximately $12.7 billion.

Services[edit]

Omnicare provides a range of services designed to meet the needs of long-term care facilities. These services include:

  • Pharmacy Services: Omnicare offers comprehensive pharmacy services, including the dispensing of medications, medication management, and consulting services.
  • Consulting Services: The company provides consulting services to help facilities comply with regulatory requirements and improve patient care.
  • Technology Solutions: Omnicare offers technology solutions to streamline medication management and improve efficiency in healthcare settings.

Operations[edit]

Omnicare operates across the United States, serving thousands of long-term care facilities. The company employs pharmacists, nurses, and other healthcare professionals to deliver its services. Omnicare's operations are supported by a network of distribution centers and local pharmacies.

Acquisition by CVS Health[edit]

In 2015, Omnicare was acquired by CVS Health, a leading pharmacy innovation company. This acquisition allowed CVS Health to expand its reach into the long-term care market and enhance its ability to provide integrated pharmacy services.

Impact on Long-term Care[edit]

Omnicare has played a significant role in the long-term care industry by providing essential pharmacy services that help improve patient outcomes and reduce healthcare costs. The company's focus on compliance and quality assurance has made it a trusted partner for many healthcare facilities.

Related Pages[edit]

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