Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


May 04, 2015 7:20 AM ET

Biotechnology

Company Overview of Capstone Pharmacy Services Inc

Company Overview

As of December 3, 1997, Capstone Pharmacy Services Inc was acquired by PharMerica Long-Term Care, Inc., in a reverse merger transaction. PharMerica, Inc. operates as an independent provider of institutional pharmacy products and services to the elderly, chronically ill, and disabled in long-term care and alternate site settings, including skilled nursing facilities, assisted living facilities, residential and independent living communities, specialty hospitals, and the home. The company is also an independent provider of home delivery pharmacy products and services to the workers' compensation and catastrophic care markets.

175 Kelsey Lane

Suite 3001

Tampa, FL 33619

United States

5,824 Employees

Phone:

813-626-7788

Key Executives for Capstone Pharmacy Services Inc

Capstone Pharmacy Services Inc does not have any Key Executives recorded.

Capstone Pharmacy Services Inc Key Developments

Omnicare Settles False Claims Act Allegations for $4.19 Million in Improper Marketing of Drug Used on Nursing Home Patients Lawsuit

Following on the heels of a $24.9 million settlement with Amgen last April, Omnicare has resolved allegations that it received remuneration from Amgen in order to influence the selection and utilization of the drug Aranesp throughout the nations' nursing homes. Aranesp, with limited indications, is used to treat anemia. The False Claims Act case, brought in U.S. District Court in South Carolina by whistleblower Frank Kurnik, alleged violations by Amgen, along with pharmacy providers Omnicare, PharMerica and Kindred. While the claims against Amgen and Omnicare have now been resolved, the case is proceeding against PharMerica and Kindred. The settlement reached between the U.S. Department of Justice, Kurnik, and Omnicare outlines the settled claims as follows: From the period between September 1, 2003 through June 30, 2005, the United States alleges that Omnicare solicited and received remuneration from Amgen Inc. in the form of purported discounts, purported market-share rebates, grants, honoraria, speaker fees, consulting services, dinners, travel or fees for the purchase of data, and that this remuneration was solicited and received in exchange for Omnicare's influencing of health care providers' selection and utilization of Aranesp within long-term care settings, and for implementing 'Therapeutic Interchange' programs (also known as 'switching' programs) intended to identify patients who were taking a competitor drug and to switch those patients to Aranesp. The United States alleges that as a result of the foregoing Covered Conduct, Omnicare knowingly caused false and/or fraudulent claims for Aranesp to be submitted to Medicare, Medicaid, and other federal health care programs.

Similar Private Companies By Industry

Company Name Region
CaroGen Corporation United States
Ligandal Technology LLC United States
TriStar Technology Group, LLC United States
Angiomics, Inc. United States
Nuclea Biotechnologies Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Capstone Pharmacy Services Inc, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.