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The Business Courier of Cincinnati (Free subscription) | 07/31/2008
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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Cincinnati Enquirer (Free subscription) | 07/31/2008
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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Market Watch (Free subscription) | 07/31/2008
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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The Business First of Louisville (Free subscription) | 07/16/2008
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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The Business Courier of Cincinnati (Free subscription) | 07/16/2008
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)