M&A Deal Summary

Omnicare Acquires NeighborCare

On July 7, 2005, Omnicare acquired healthcare services company NeighborCare for 1.8B USD

Acquisition Highlights
  • This is Omnicare’s 2nd transaction in the Healthcare Services sector.
  • This is Omnicare’s largest (disclosed) transaction.
  • This is Omnicare’s 3rd transaction in the United States.
  • This is Omnicare’s 1st transaction in Maryland.

M&A Deal Summary
Date 2005-07-07
Target NeighborCare
Sector Healthcare Services
Buyer(s) Omnicare
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

NeighborCare

Annapolis Junction, Maryland, United States
NeighborCare, Inc. provides institutional pharmacy services in 32 states and the District of Columbia. The company serves approximately 263,000 institutional beds in long-term care settings. The company's pharmacy operations consist of approximately 65 institutional pharmacies, 30 community-based professional retail pharmacies and 20 on-site pharmacies which are located in customers' facilities and serve only customers of that facility. The company also operates approximately 15 home infusions, respiratory and medical equipment distribution centers.

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Buyer(S) 1

Buyer

Omnicare

Cincinnati, Ohio, United States
Category Company
Founded 1981
Sector Healthcare Services
Employees11,726
Revenue 6.4B USD (2014)
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 8
Sector (Healthcare Services) 2 of 7
Type (Add-on Acquisition) 3 of 8
State (Maryland) 1 of 1
Country (United States) 3 of 8
Year (2005) 1 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-16 NCS HealthCare

Beachwood, Ohio, United States

NCS HealthCare, Inc was a Publicly traded provider of pharmacy services to long-term care institutions, including skilled nursing facilities and assisted living facilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-12 Enclara Pharmacia

Philadelphia, Pennsylvania, United States

Enclara Pharmacia, Inc. is a solutions provider focused on simplifying care delivery in chronic and complex care patient populations to improve patient experience, quality, and cost. We collaborate with healthcare organizations to drive value-based care through expertise, process, and technology.

Buy $269M
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