Content about Omnicare

March 21, 2014

Advanced Care Scripts, a division of Omnicare Specialty Care Group, on Friday announced that it has been awarded specialty pharmacy accreditation from URAC, a Washington, D.C.-based healthcare accrediting organization.

ORLANDO, Fla. — Advanced Care Scripts, a division of Omnicare Specialty Care Group, on Friday announced that it has been awarded specialty pharmacy accreditation from URAC, a Washington, D.C.-based healthcare accrediting organization. URAC offers one of the only third-party, voluntary accreditation programs of this scope for the pharmacy benefit management and prescription services industries.  

January 9, 2014

A confluence of healthcare trends has expanded a lucrative, if challenging, opportunity for pharmacies able to invest in its potential.

A confluence of healthcare trends has expanded a lucrative, if challenging, opportunity for pharmacies able to invest in its potential.

November 11, 2013

Aprecia Pharmaceuticals Co. has appointed Don Wetherhold as its CEO, the company said Monday.

MASON, Ohio — Aprecia Pharmaceuticals Co. has appointed Don Wetherhold as its CEO, the company said Monday.

Wetherhold is returning to Aprecia after a term as SVP long-term care at Omnicare; prior to that, he was Aprecia's corporate commercialization officer.

"We are thrilled to have Don back at Aprecia, and we look forward to the leadership he will bring to this role," Aprecia chairman E. Thomas Arington. "Don was instrumental in devising our commercialization strategy at Aprecia."

September 14, 2012

The specialty pharmacy operated by Omnicare Specialty Care Group has been added to the limited distribution network for a drug used to treat a hereditary degenerative disorder.

ORLANDO, Fla. — The specialty pharmacy operated by Omnicare Specialty Care Group has been added to the limited distribution network for a drug used to treat a hereditary degenerative disorder.

Omnicare said Friday that Lundbeck had added Advanced Care Scripts to its network for Xenaziner (tetrabenazine). The drug is used to treat involuntary movements known as chorea associated with Huntington's disease. Chroea affects about 90% of people with Huntington's and is considered a hallmark of the disease, according to studies.

July 10, 2012

Five Star Quality Care is selling its pharmacy business for $30.7 million, the company said Tuesday.

NEWTON, Mass. — Five Star Quality Care is selling its pharmacy business for $30.7 million, the company said Tuesday.

Five Star said it would sell business, which consists of eight pharmacies serving institutional pharmacy services to 247 senior living communities in 13 states, to Omnicare.

In addition to the $30.7 million sale, the deal includes the sale to Omnicare or retention of certain items of net working capital worth about $9.4 million.

September 8, 2011

Pharmaceutical services provider Omnicare is taking its bid to buy PharMerica hostile.

COVINGTON, Ky. — Pharmaceutical services provider Omnicare is taking its bid to buy PharMerica hostile.

PharMerica, a Louisville, Ky.-based company that distributes drugs to long-term care centers, turned down Omnicare's offer last month, saying it undervalued the company. Omnicare, a Covington, Ky.-based company that also distributes drugs to long-term care centers and nursing homes, had offered $716 million, or $15 per share, which it said represented a 37.2% premium over PharMerica's closing stock price on Aug. 22.

September 1, 2011

Pharmaceutical services provider Omnicare celebrated its 30th anniversary as a public company by ringing the closing bell at the New York Stock Exchange at 4 p.m. on Thursday, the company said.

COVINGTON, Ky. — Pharmaceutical services provider Omnicare celebrated its 30th anniversary as a public company by ringing the closing bell at the New York Stock Exchange at 4 p.m. on Thursday, the company said.

CEO John Figueroa presided over the ringing of the bell to mark the occasion, the company said, as did other members of the company's senior leadership team and 30-year employee Tom Marsh.

August 2, 2011

The VP distribution operations for Omnicare's RxCrossroads business has stepped into a new role, Omnicare announced Tuesday.

COVINGTON, Ky. — The VP distribution operations for Omnicare's RxCrossroads business has stepped into a new role, Omnicare announced Tuesday.

Dan Thomas was appointed to the role of SVP and general manager for RxCrossroads, an Omnicare division that provides specialized solutions specifically tailored to the biotechnology and pharmaceutical industries. Thomas, who has worked in the unit for 27 years, will have full operational responsibility in his new role and report to Nitin Sahney, EVP and president of Omnicare’s Specialty Care Group.

June 22, 2011

Omnicare has added two members to its board of directors.

COVINGTON, Ky. — Omnicare has added two members to its board of directors.

The company said that Mark Emmert and Barry Schochet will serve as independent directors. Emmert serves as president of the National Collegiate Athletic Association, while Schochet serves as president and CEO of BPS Health Ventures, a healthcare consulting and investment firm.

June 15, 2011

Drug Store News has learned that Tim Canning, president of McKesson’s Health Mart division, is leaving the company to take the position of SVP and chief marketing officer at Omnicare. The move is effective June 17.

SAN FRANCISCO — Drug Store News has learned that Tim Canning, president of McKesson’s Health Mart division, is leaving the company to take the position of SVP and chief marketing officer at Omnicare. The move is effective June 17.

“Tim has played an important role in advancing the success of McKesson’s retail independent pharmacy customers through his leadership of key solutions and programs, such as Health Mart,” noted a company representative.

December 1, 2010

Specialty pharmacy provider BioScrip has appointed David Froesel as EVP, CFO and treasurer, the company said Wednesday. Froesel will begin immediately, replacing Stan Rosembaum, who plans to leave the company before the year ends.

ELMSFORD, N.Y. — Specialty pharmacy provider BioScrip has appointed David Froesel as EVP, CFO and treasurer, the company said Wednesday. Froesel will begin immediately, replacing Stan Rosembaum, who plans to leave the company before the year ends.

Froesel previously worked at Omnicare, which provides pharmaceutical care services to the elderly, for close to 14 years, serving as SVP and CFO from March 1996 until December 2009. Before working for Omnicare, Froesel worked at Mallinckrodt Group for 18 years.

November 9, 2010

A company that provides pharmaceutical care for the elderly is splitting its pharmacy services business...

COVINGTON, Ky. A company that provides pharmaceutical care for the elderly is splitting its pharmacy services business into two divisions, hoping to make its services more effective and focused on customers.

 

September 2, 2010

Walgreens announced a deal on Friday with Omnicare, a leading provider of pharmaceutical care for...