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Omnicare’s favorable outlook boosts stock

Omnicare Inc., which continues to be impacted by a reimbursement dispute with UnitedHealth Group, saw lower profits year over year but remained bullish for 2008 – and its stock responded. (UNH) (OCR)

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Omnicare earnings fall to 31 cents a share in quarter

NEW YORK (MarketWatch) -- Omnicare Inc. said Thursday that second-quarter earnings were $36.8 million, or 31 cents a share, compared to $49.2 million, or 41 cents a share, a year ago. Adjusted earnings were $54.6 million, or 46 cents a share, compared to $61.6 million, or 51 cents a share. Sales were $1.55 billion, compared to $1.55 billion a year ago. FactSet analysts, on average, estimated...

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Omnicare shares rise on outlook

COVINGTON – Omnicare Inc. said today that its second-quarter net income fell 25 percent as the provider of geriatric pharmaceuticals continues to be hurt by UnitedHealth Group Inc.’s reduction in reimbursement rates after switching pharmacy network contracts in 2006.But its shares rose to their highest levels since last fall after the company increased its earnings guidance for...

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Omnicare acquires Advanced Care Scripts

Omnicare Inc. has acquired Advanced Care Scripts Inc. for an undisclosed price. (OCR)

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Omnicare adds Orlando-based services provider

Omnicare Inc. has acquired specialty pharmaceuticals services provider Advanced Care Scripts Inc.

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Omnicare acquires Advanced Care Scripts

Omnicare Inc. said Wednesday it has completed its latest acquisition - Advanced Care Scripts Inc. in Orlando, Fla. Terms of the deal weren't disclosed. (OCR)

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Omnicare acquires Advanced Care Scripts

Omnicare Inc. said Wednesday it has completed its latest acquisition - Advanced Care Scripts Inc. in Orlando, Fla. Terms of the deal weren't disclosed. (OCR)

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Stocks reel in 2nd quarter

... companies have seen an increase for 2008: West Chester Township-based AK Steel, Covington-based Omnicare Inc., Cincinnati-based Kroger and Covington-based Ashland.The drop in stocks accelerated in June, the worst month for the stock market in the last six years.After June's performance, the Dow is bordering on a "bear market," having fallen 19 percent since October.A bear market -...