Omnicare

From WikiMD.com Medical Encyclopedia

Omnicare[edit | edit source]

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 | edit source]

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 | edit source]

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 | edit source]

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 | edit source]

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 | edit source]

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 | edit source]

WikiMD
Navigation: Wellness - Encyclopedia - Health topics - Disease Index‏‎ - Drugs - World Directory - Gray's Anatomy - Keto diet - Recipes

Search WikiMD

Ad.Tired of being Overweight? Try W8MD's physician weight loss program.
Semaglutide (Ozempic / Wegovy and Tirzepatide (Mounjaro / Zepbound) available.
Advertise on WikiMD

WikiMD's Wellness Encyclopedia

Let Food Be Thy Medicine
Medicine Thy Food - Hippocrates

Medical Disclaimer: WikiMD is not a substitute for professional medical advice. The information on WikiMD is provided as an information resource only, may be incorrect, outdated or misleading, and is not to be used or relied on for any diagnostic or treatment purposes. Please consult your health care provider before making any healthcare decisions or for guidance about a specific medical condition. WikiMD expressly disclaims responsibility, and shall have no liability, for any damages, loss, injury, or liability whatsoever suffered as a result of your reliance on the information contained in this site. By visiting this site you agree to the foregoing terms and conditions, which may from time to time be changed or supplemented by WikiMD. If you do not agree to the foregoing terms and conditions, you should not enter or use this site. See full disclaimer.
Credits:Most images are courtesy of Wikimedia commons, and templates, categories Wikipedia, licensed under CC BY SA or similar.

Contributors: Prab R. Tumpati, MD