Omnicare, Inc

Omnicare, Inc, a geriatric pharmaceutical services company, provides pharmaceuticals and related ancillary pharmacy services to long-term healthcare institutions in the United States and Canada. The company operates in two segments, Pharmacy Services and Contract Research Organization Services (CRO Services). The Pharmacy Services segment distributes pharmaceuticals, as well as provides related pharmacy consulting and other ancillary services, data management services, and medical supplies to skilled nursing facilities, assisted living facilities, retirement centers, independent living communities, hospitals, hospice, and other healthcare service providers. This segment purchases, repackages, and dispenses prescription and non-prescription pharmaceuticals; and provides computerized medical record-keeping and third-party billing services. It also provides consultant pharmacist services, including evaluating monthly patient drug therapy, monitoring the drug distribution system, assisting in compliance with state and federal regulations, and providing proprietary clinical and health management programs. In addition, it provides pharmaceutical case management services for retirees, employees, and dependents that have drug benefits under corporate-sponsored healthcare programs. As of December 31, 2006, its long-term care facilities comprise approximately 1,406,000 beds in 47 states in the United States, the District of Columbia, and Canada. The CRO Services segment provides product development and research services to client companies in the pharmaceutical, biotechnology, medical device, and diagnostics industries. This segment also provides support for the design of regulatory strategy and clinical development of pharmaceuticals by offering integrated clinical, quality assurance, data management, medical writing, and regulatory support for its client’s drug development programs. Omnicare was founded in 1981 and is based in Covington, Kentucky.