Who will purchase Omnicare? Although the industry continues to slowly consolidate, there are very few companies that may be in a position to acquire Omnicare.
CVS Health in November 2022 is actively seeking a buyer for Omnicare. The question now becomes who will purchase the company.
Omnicare and Guardian Pharmacy are positioning the companies for growth in pharmacy as the long-term care market adjusts to the evolving COVID environment
CVS Health operating income decreased 5.8% primarily due to a $431 million goodwill impairment charge associated with the long-term care business in the three months ended September 30, 2021
Precision LTC Pharmacy recently acquired Prime Care Pharmacy Services located in Yonkers, New York
Omnicare, which serves more than one million patients per year, has been a drag on CVS Health’s financial results since its acquisition
Continuing weak margins due to staffing struggles, recent generic introductions, and decreasing reimbursements remain the leading drivers of the poor results
CVS Health turnaround plan for Omnicare has yet to yield results