Add-on Acquisition • Healthcare Services

Omnicare Acquires NeighborCare

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

Acquisition Context

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.

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M&A Deal Summary
Date	July 7, 2005
Target	NeighborCare
Sector	Healthcare Services
Buyer(s)	Omnicare
Deal Type	Add-on Acquisition
Deal Value	1.8B USD

Target Company

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 Overview 1

Buyer

Omnicare

Cincinnati, Ohio, United States

Category	Company
Founded	1981
Sector	Healthcare Services
Employees	11,726
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 Context for Buyer	#
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	-

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

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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