Drug Channels (Free subscription) | 22/11/2009
Here are 3 interesting articles to go with your cranberry sauce. No more blogging this week because of the holiday. Have a Happy Thanksgiving! CVS Caremark Chief Offers Reassurance On Business Model CVS Caremark CEO Tom Ryan apologized for focusing “too much on the retail side.” No surprise to Drug Channels readers who recall my May post when I asked: “Is CVS Caremark sacrificing...
Market Wire (Free subscription) | 19/11/2009
NEW DELHI, INDIA (MARKET WIRE) Wallstsense.com is an online community with a dedicated team of analysts who are providing free in-depth research on North American equities. Our analysts have issued complimentary analysis on the following six companies: LDK Solar Co.Ltd. (NYSE: LDK), Omnicare Inc. (NYSE: OCR), Mirant Corporation (NYSE: MIR), Dynegy Inc. (NYSE: DYN), McDermott International Inc. (NYSE:...
Health Care Renewal (Free subscription) | 13/11/2009
Settlements and kickbacks and corporate integrity agreements, oh my (to the tune of "lions and tigers and bears, oh my") To quote the BusinessWeek version of the story: A $112 million settlement involving alleged drug kickbacks that the Justice Dept. announced with the nation's largest nursing home pharmacy and a generic drug manufacturer on Nov. 3 is part of a wide-ranging investigation...
Business Wire (Free subscription) | 13/11/2009
COVINGTON, Ky.--(BUSINESS WIRE)--Omnicare, Inc. (NYSE:OCR), a leading provider of pharmaceutical care for the elderly, announced today that it will participate in the Sixth Annual Lazard Capital Markets Healthcare Conference on November 17 at 1:40 p.m. EST in New York, New York. Presenting for Omnicare will be David W. Froesel, Jr., senior vice president and chief financial officer. The presentation...
The IN VIVO Blog (Free subscription) | 09/11/2009
Now that federal health care fraud prosecutors have broken the billion dollar barrier in recent settlements, the conclusion of a $98 million settlement with long term care pharmacy provider Omnicare may not have caught your eye. And the simultaneous announcement of a $14 million settlement with Ivax (now part of Teva) for its dealings with Omnicare seems almost quaint. (Read our coverage in The Pink...
PR News Wire (Free subscription) | 09/11/2009
CHICAGO, Nov. 9 /PRNewswire/ -- Seven Summits Research issues PriceWatch Alerts for JPM, PEP, SPG, OCR, and MFC.
Illinois Nursing Home Abuse Blog (Free subscription) | 09/11/2009
The nation’s largest nursing home pharmacy, Omnicare, will pay $98 million and drug manufacturer, IVAX will pay $14 million to resolve allegations that Omnicare engaged in kickback schemes with several parties. A portion of the settlement has been allocated to cover Medicaid program claims by participating states. Omnicare is the nation’s largest pharmacy that specializes in providing...
GuruFocus Updates (Free subscription) | 07/11/2009
By guruyt. Last week's top five guru bargain stocks were Fidelity National Financial Inc, MARSHALL & ILSLEY CORP NEW COM, Popular Inc, The Buckle Inc, and Omnicare Inc. According to GuruFocus updates, these stocks have declined the most since Gurus have bought. Read more » »
Illinois Nursing Home Abuse Blog (Free subscription) | 06/11/2009
A scary result of the Omincare drug kickback case is how vulnerable elderly people in nursing homes are to schemes in which drug companies allegedly induce pharmacies to prescribe drugs they otherwise would not. One patient cited by the government’s complaint received 67 different drugs under Omnicare’s reign. The drugs include Cipro, Neurotin, Hearin, Pepcid, Oxycodone and Seroqueol....
Business Wire (Free subscription) | 06/11/2009
COVINGTON, Ky.--(BUSINESS WIRE)--Omnicare, Inc. (NYSE:OCR), a leading provider of pharmaceutical care for the elderly, announced today that it will participate in the Credit Suisse 18th Annual Healthcare Conference on November 11 at 1:00 p.m. EST in Phoenix, Arizona. Presenting for Omnicare will be Joel F. Gemunder, president and chief executive officer. The presentation will be broadcast live over...
Daily Advance - Business (Free subscription) | 05/11/2009
COVINGTON, Ky. — Omnicare Inc., which dispenses drugs to nursing homes and long-term care faci...
The Business Courier of Cincinnati (Free subscription) | 05/11/2009
Omnicare Inc. boosted its third-quarter net income above expectations, but a lower 2009 forecast kept its stock down Thursday. (OCR)
Star Tribune (Free subscription) | 05/11/2009
The company cut selling, general, and administrative expenses by 11 percent to $203.4 million. It also cut restructuring and legal charges. Meanwhile, the company said it had a favorable income tax adjustment of about $19 million, or 16 cents per share.
ABC News (Free subscription) | 05/11/2009
Omnicare 3rtd-quarter profit rises 13 percent as lower costs offset revenue decline
Cincinnati Enquirer (Free subscription) | 05/11/2009
Omnicare Inc. reported a 35 percent gain third-quarter earnings Thursday, boosted in large part by an income tax adjustment.
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