Omnicare : Omnicare Appoints James Carlson to Board of Directors
CINCINNATI, July 5, 2013 - Omnicare, Inc. (NYSE:OCR), today announced the
appointment of experienced health care executive James ("Jim") Carlson to its
Board of Directors, effective July 1, 2013.
"We are pleased to have Jim join Omnicare's Board of Directors," said James D.
Shelton, Omnicare's Chairman of the Board. "Jim has led a distinguished
career with more than 30 years of experience in healthcare. I am confident
that Jim's extensive and diverse industry experience, coupled with his
perspective on strategic planning and entrepreneurial spirit, will be valuable
to our Board as we oversee Omnicare's continued growth on behalf of
"Jim is well regarded for his leadership of managed care Medicaid
populations," said John Workman, Omnicare's Chief Executive Officer. "As we
continue to fulfill our mission of providing cost-effective healthcare to the
patient populations that need it most, we look forward to benefitting from
Jim's insight and wealth of relevant experience."
"I am delighted to join Omnicare's Board of Directors," said Mr. Carlson.
"Having spent many years in the healthcare industry, I have a deep
appreciation for the work that Omnicare does each and every day. As the
industry landscape continues to evolve, Omnicare has an opportunity to play an
increasingly important role in the lives of thousands of seniors across the
country. I look forward to contributing to the company's progress."
With the addition of Mr. Carlson, Omnicare's Board will be expanded from nine
to ten directors, nine of whom are independent.
Mr. Carlson served as Chief Executive Officer of Amerigroup Corporation, a
Fortune 500 multi-state managed healthcare company, from 2007 through 2012,
becoming chairman of the company's board of directors in 2008. In December
2012, Amerigroup was acquired by WellPoint, the country's second largest
health insurer, in a transaction valued at nearly $5 billion. Under Mr.
Carlson's leadership, Amerigroup more than doubled the number of state
Medicaid programs it served, while growing revenues more than four-fold.
Mr. Carlson was the founder of HealthSpring, a physician group practice
management company, which was sold to MetraHealth in 1995 (subsequently to
become part of United Healthcare). Mr. Carlson also served as an Executive
Vice President at UnitedHealth Group before leaving to co-found Workscape
(later acquired by ADP), a software platform offering Internet applications to
help employees understand and manage their health benefits.
Mr. Carlson currently serves on the boards of directors of Kinetic Concepts,
Inc., The National Kidney Foundation, Virginia Aquaria & Marine Science Center
and Virginia Gov. Robert F. McDonnell's Health Reform Initiative Advisory
Council. He has previously served on the Boards of America's Health Insurance
Plans (AHIP), the Business Roundtable and the Health Sector Advisory Council
for the Fuqua School of Business at Duke University. Mr. Carlson attended
Morningside College in Sioux City, Iowa, and graduated from Rider University
in New Jersey.
Omnicare, Inc., a Fortune 500 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.
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Patrick C. Lee
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information contained therein.
Source: Omnicare via Thomson Reuters ONE
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