August 29, 2016 8:33 PM ET

Healthcare Providers and Services

Company Overview of Omnicare Inc.

Company Overview

Omnicare, Inc. operates as a healthcare services company that specializes in the management of pharmaceutical care in the United States. The company’s Long-Term Care Group segment offers pharmaceuticals, and related pharmacy and ancillary services to long-term care facilities; and chronic care facilities and other settings. This segment also operates institutional pharmacy business serving skilled nursing and assisted living facilities, independent living communities, hospitals, correctional facilities, and other healthcare service providers; and provides monthly patient drug therapy evaluations, and assistance in compliance with state and federal regulations, as well as offers proprietary c...

900 Omnicare Center

201 East Fourth Street

Cincinnati, OH 45202

United States

Founded in 1981

11,726 Employees

Phone:

513-719-2600

Key Executives for Omnicare Inc.

Chief Compliance Officer and Senior Vice President
Chief Clinical Officer and Vice President of Clinical Services
Senior Vice President of Trade Relations
Senior Vice President of Pharmaceutical Purchasing
Senior Vice President and General Manager of Rxcrossroads
Compensation as of Fiscal Year 2016.

Omnicare Inc. Key Developments

Omnicare Inc. to Layoff 13 Employees on May 27, 2016

Omnicare Inc. is laying off more of its employees following its acquisition last year by CVS Pharmacy Inc. The firm filed a notice with the Ohio Department of Job and Family Services that 13 employees will be laid off on May 27, 2016. The responsibilities of the affected employees, which include accounting managers, business licensing managers, employee relations specialists and others, will be consolidated within shared services at CVS. The employees do not have bumping rights and are not represented by a union but they could be offered other jobs within the company.

Omnicare Slashes 41% of Local Jobs

Omnicare announced the fall will lay off 232 workers, or 41% of its Downtown payroll. The move was announced a week after new owner CVS Health Corp. took control of the company. CVS Health officials say more job cuts could follow in the coming months, as it reviews Omnicare for overlapping functions and cost-cutting opportunities. The move comes days after its $12.9 billion takeover closed Aug. 18. Most of the disclosed layoffs will occur Oct. 30, though some employees may be offered jobs elsewhere in CVS.

Omnicare Inc.(NYSE:OCR) dropped from FTSE All-World Index (USD)

Omnicare Inc.(NYSE:OCR) dropped from FTSE All-World Index (USD)

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