Profile: Omnicare Inc (OCR)

OCR on New York Consolidated

23 Jan 2015
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Omnicare, Inc. (Omnicare) is a healthcare services company. The Company operates in two primary businesses: Long-Term Care Group (LTC) and Specialty Care Group (SCG). Through LTC, Omnicare provides pharmaceuticals and related pharmacy and ancillary services to long-term care facilities, as well as chronic care facilities and other settings. SCG provides commercialization services for the biopharmaceutical industry in addition to end-of-life pharmaceutical care management for hospice care agencies. At December 31, 2011, LTC provided its pharmacy services in 47 states in the United States, the District of Columbia and in Canada. In September 2012, Five Star Quality Care, Inc. sold its pharmacy business to Omnicare.

Long-Term Care Group

Omnicare operates the institutional pharmacy business in North America. LTC's customers consist of skilled nursing facilities (SNFs), assisted living facilities (ALFs), independent living communities, hospitals, correctional facilities, and other healthcare service providers. LTC consisted of approximately 83% of the Company’s total net sales during the year ended December 31, 2011 and dispensed approximately 115.1 million prescriptions. The Company provides pharmacy consulting, including monthly patient drug therapy evaluations, assist in compliance with state and federal regulations and provide clinical and health management programs (utilizing outcomes-based algorithm technology). LTC also provides a range of technology solutions based on its Omniview Web-based platform.

LTC also provides a range of other products and services, including intravenous medications and nutrition products (infusion therapy products and services), respiratory therapy services, medical supplies and equipment (including billing the Medicare Part B program for eligible patients) and clinical care planning. It also provides pharmaceutical case management services for retirees, employees and dependents. The Company purchases, repackages and dispenses prescription and non-prescription medication in accordance with physician orders and deliver such prescriptions to long-term care facilities for administration to individual residents (by the facilities’ nursing staff for SNFs).

The Company services long-term care facilities typically within a radius of approximately 150 miles of its pharmacy locations and maintain an around-the-clock, seven-day per week, on-call pharmacist service for emergency dispensing and delivery, and for consultation with the facility's staff or attending physician. The Company utilizes a unit-of-use drug distribution system. This means that its prescriptions are packaged for dispensing in individual doses. The Company’s range of technologies allow Web-based access to electronic medical records, automated pharmacy billing, online medication refills and returns processing, census tracking, pre-admission medication assessment and access to the Omnicare Guidelines.

Specialty Care Group

SCG serves the needs of biopharmaceutical manufacturers, physicians, nurses, caregivers and patients. Its services are based on five platforms: brand support services, third party logistics, patient assistance programs, specialty pharmacy and disease management for end-of-life care. In the Company’s specialty pharmacy platform, it provides dispensing of specialized pharmaceuticals. These specialized drugs deal primarily with specific categories of drugs and disease states, such as rheumatoid arthritis, multiple sclerosis, oncology and growth hormones. In its end-of-life care platform, Omnicare provides hospice care pharmaceutical management. SCG accounted for approximately 17% of the Company’s total net sales during 2011.

Omnicare competes with PharMerica Corporation.

Company Address

Omnicare Inc

900 Omnicare Center
201 E. Fourth Street
P: +1513.7192600
F: +1302.6365454

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