M&A Deal Summary

CVS Health Acquires Omnicare

On August 18, 2015, CVS Health acquired healthcare services company Omnicare for 12.9B USD

Acquisition Highlights
  • This is CVS Health’s 4th transaction in the Healthcare Services sector.
  • This is CVS Health’s 3rd largest (disclosed) transaction.
  • This is CVS Health’s 10th transaction in the United States.
  • This is CVS Health’s 1st transaction in Ohio.

M&A Deal Summary
Date 2015-08-18
Target Omnicare
Sector Healthcare Services
Buyer(s) CVS Health
Deal Type Add-on Acquisition
Deal Value 12.9B USD
Advisor(s) BofA Securities
Centerview Partners (Financial)
White & Case (Legal)

Target

Omnicare

Cincinnati, Ohio, United States
website
Omnicare, Inc. is a provider of professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other institutional healthcare providers as well as for hospice patients in homecare and other settings.

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Buyer(S) 1

Buyer

CVS Health

Woonsocket, Rhode Island, United States

website

Category Company
Founded 1996
Sector Healthcare Services
Employees219,000
Revenue 322.5B USD (2022)
DESCRIPTION
CVS Health office in Buffalo Grove, Illinois.
CVS Health office in Buffalo Grove, Illinois.

CVS Health operates retail pharmacies, walk-in medical clinics, and is a pharmacy benefits manager. The Company enables people, businesses, and communities to manage health in a variety of ways. CVS Health advises patients on medications at CVS/pharmacy locations, helps clients control costs at CVS/caremark, and delivers care through CVS/specialty and CVS/minuteclinic. CVS Health was founded in 1996 and is based in Woonsocket, Rhode Island.

DEAL STATS #
Overall 10 of 18
Sector (Healthcare Services) 4 of 6
Type (Add-on Acquisition) 6 of 12
State (Ohio) 1 of 1
Country (United States) 10 of 18
Year (2015) 2 of 2
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 Target - Pharmacy Business

Minneapolis, Minnesota, United States

Target Corp's Pharmacy Business consists of 1,660 instore pharmacies and clinics.

Buy $1.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 RxCrossroads

Louisville, Kentucky, United States

RXC Acquisition Co. is a provider of service programs encompassing reimbursement support, integration with network pharmacies, patient adherence programs, specialty logistics services, sales operations support and mail-order pharmacy services to pharmaceutical, biotechnology and medical device manufacturers.

Sell $735M
Mergr

Product

Company

Legal