Omnicare : Omnicare Announces Conversion Rate Adjustment for Convertible Notes

Omnicare : Omnicare Announces Conversion Rate Adjustment for Convertible Notes

CINCINNATI, April 11, 2013 - Omnicare, Inc. (NYSE: OCR) announced today that
the adjusted conversion rate for the 3.75% Convertible Senior Subordinated
Notes due 2025 (the "2025 Notes") is 36.8808 shares of common stock per $1,000
principal amount of the 2025 Notes, or approximately $27.11 per share,
effective March 5, 2013.

The conversion rate for the 2025 Notes is adjusted in connection with the
regular quarterly dividend of $0.14 paid on March 22, 2013, to all
stockholders who owned shares of Omnicare common stock on March 7, 2013, the
record date. The conversion rate for the 2025 Notes was previously 36.4409
shares of common stock per $1,000 principal amount of the 2025 Notes.

About Omnicare

Omnicare, Inc., a Fortune 400 company based in Cincinnati, Ohio, provides
comprehensive pharmaceutical services to patients and providers across North
America. As the market-leader in professional pharmacy, related consulting
and data management services for skilled nursing, assisted living and other
chronic care institutions, Omnicare leverages its unparalleled clinical
insight into the geriatric market along with some of the industry's most
innovative technological capabilities to the benefit of its long-term care
customers. Omnicare also provides key commercialization services for the
bio-pharmaceutical industry and end-of-life disease management through its
Specialty Care Group. For more information, visit www.omnicare.com.

                                    # # #

Contact:
Patrick C. Lee
(513) 719-1507
patrick.lee@omnicare.com

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Source: Omnicare via Thomson Reuters ONE
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