PharMerica has acquired PropacPayless, an independent senior living and long-term care pharmacy based in Vancouver, WA, from Moda Health. PropacPayless has more than 34,000 clients, primarily in the Northwest and West. With this new partnership, companies will build on PropacPayless’ customer relationships while using PharMerica’s scale, proximity and clinical programs to serve the senior living, […]
CVS Health executives, after poor fourth quarter and full year 2018 financial results as a result of its long-term care business, reaffirmed that the growth opportunity with Omnicare was always focused on the independent and assisted living spaces. CVS Health believes those opportunities still exist and are consistent with the company’s strategy of putting the […]
Omnicare Remains a Burden for CVS Health
CVS Health’s Dilemma with Omnicare Continues. CVS Health is targeting upward of $150 million in “cost takeout opportunities.”
Why CVS Recent Deals Change the Specialty Landscape – Following a similar path as in the late 1990’s with long term care pharmacy, specialty pharmacy has matured enough to undergo consolidation and roll-up into larger healthcare entities. Specialty represents a small distribution volume in the retail pharmacy space but also results in the greatest profit […]
CVS Health Acquires Omnicare – Well, the guessing game is over as CVS Health acquires Omnicare. The Pharmacy in Long-Term Care market has a new industry leader as CVS Health will see if their business model translates to the long-term care pharmacy market. The LTC market is a different business and CVS is moving from their traditional “core competency”. It […]