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154:. The FTC alleged that the acquisition would boost drug costs and inflate Medicare expenditures by consolidating the industry and reducing price competition. PharMerica owned 97 long-term-care pharmacies, while Omnicare owned approximately 200. The merger would have given Omnicare a 57% market share versus two percent for its nearest, non-PharMerica rival. Because of the FTC opposition, the takeover was terminated.
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A second whistleblower lawsuit filed against
Omnicare by Resnick and Total Pharmacy Services V.P. Maureen Nehls related to kickbacks that had been part of its 2004 acquisition of Total Pharmacy Services was settled (circa 2013) for $ 17.2 million by Omnicare and $ 5 million by the Total Pharmacy
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204:) of the Mariner Health Care Inc. and SavaSeniorCare Administrative Services LLC nursing home chains in exchange for the right to continue providing pharmacy services to the nursing homes.
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192:, as well as the parties to the company's illegal kickback schemes. Omnicare allegedly paid kickbacks to nursing home operators to secure business, which constitutes
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266:"FTC Sues to Block Omnicare's Bid to Buy Rival Pharmacy Provider PharMerica; Deal Would Lead to Higher Costs for Medicare Patients and Taxpayers, Agency Alleges"
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173:. The company admitted no wrongdoing. The charges included allegations that Omnicare solicited and received kickbacks from a pharmaceutical manufacturer
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177:, in exchange for agreeing to recommend that physicians prescribe Risperdal, a Johnson & Johnson antipsychotic drug, to nursing home patients.
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is an
American company working in the health-care industry. It was established in April 1981 as a spinoff of healthcare businesses from Chemed and
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416:"Prominent New York City Real Estate Investor, Attorney and Atlanta Nursing Home Chains Pay $ 14 Million to Settle Whistleblower Kickback Case"
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390:"Scheme's victims Scheme's victims seeking restitution FDIC could get most of payment; FDIC could get most of payment"
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329:"Nation's largest nursing home pharmacy and drug manufacturer to pay $ 112 million to settle false claims act cases"
268:(Press release). Katz, Mitchell J. (media contact). Federal Trade Commission. 27 January 2012. FTC File No. 111-0239
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by paying $ 19.8 million to the federal government, while
Mariner and SavaSeniorCare settled for $ 14 million.
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on
September 1, 2011, with an Omnicare banner marking the 30th anniversary of the company's public listing.
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372:"Complaint of the United States in the District Court of Massachusetts CA No. 06-10149 RGS"
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In 2010, Omnicare settled
Resnick's False Claims Act suit that had been taken up by the
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169:) lawsuits and government charges that the company had paid or solicited a variety of
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owners. Reportedly
Omnicare was set to acquire JobMinglr.com for an undisclosed sum.
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In 2012, the
Federal Trade Commission (FTC) sued Omnicare to block its
331:(Press release). United States Department of Justice. 3 November 2009.
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Pharmacy benefit management companies based in the United States
344:"Justice suit accuses Johnson & Johnson of paying kickbacks"
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439:"Nursing home execs agree to pay $ 5 million to settle suit"
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Companies formerly listed on the New York Stock
Exchange
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98,000,000 to the federal government to settle five "
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474:- Major case involving anti-takeover provisions.
437:Jackson, David & Gary Marx (6 August 2013).
303:"FTC blocks Omnicare acquisition of PharMerica"
232:Timeline: Omnicare 'a mess in spite of itself'
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370:U.S. Department of Justice (March 4, 2009).
184:sued Omnicare, a major supplier of drugs to
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180:Starting in 2006, healthcare entrepreneur
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825:Health care companies established in 1981
342:Hilzenrath, David S. (16 January 2010).
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820:American companies established in 1981
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449:from the original on August 10, 2013
795:Health care companies based in Ohio
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392:. Chicago Tribune. Archived from
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309:. New Jersey, USA: UMB Advanstar
157:In November 2009, Omnicare paid
117:New York Stock Exchange Building
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835:1980s initial public offerings
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840:2015 mergers and acquisitions
815:Companies based in Cincinnati
418:(Press release). PR Newswire
16:American health care company
830:1981 establishments in Ohio
723:CVS/pharmacy LPGA Challenge
570:Navarro Discount Pharmacies
528:Aetna Health Inc. v. Davila
244:"CVS Health Corp, Form 8-K"
59:; 43 years ago
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718:CVS Health Charity Classic
472:Omnicare v. NCS Healthcare
209:U.S. Department of Justice
301:Staff (2 February 2012).
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677:Eliphalet Adams Bulkeley
246:. EDGAR. August 18, 2015
104:http://www.omnicare.com/
128:W. R. Grace and Company
286:: CS1 maint: others (
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651:Standard Drug Company
175:Johnson & Johnson
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636:Reliable Drug Stores
621:Melville Corporation
533:Coventry Health Care
845:Corporate spin-offs
713:CVS Charity Classic
396:on October 29, 2013
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282:cite press release
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646:Sav-on Drugs
631:Peoples Drug
589:Predecessors
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560:MinuteClinic
555:CVS Caremark
550:CVS Pharmacy
538:Drivotrainer
516:Subsidiaries
453:12 September
451:. Retrieved
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422:12 September
420:. Retrieved
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398:. Retrieved
394:the original
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311:. Retrieved
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270:. Retrieved
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248:. Retrieved
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202:Rubin Schron
188:, under the
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72:Headquarters
34:Company type
692:Larry Merlo
687:Thomas Ryan
601:Big B Drugs
596:Arbor Drugs
565:Longs Drugs
307:Drug Topics
250:October 20,
138:Controversy
810:CVS Health
784:Categories
670:Key people
509:CVS Health
355:17 January
349:Wash. Post
148:PharMerica
132:CVS Health
94:CVS Health
38:Subsidiary
750:Companies
626:Osco Drug
171:kickbacks
762:Medicine
575:Omnicare
447:Archived
194:Medicare
124:Omnicare
48:Pharmacy
44:Industry
736:Portals
706:Related
163:qui tam
100:Website
64:1981-04
62: (
54:Founded
656:SupeRx
606:Eckerd
89:Parent
641:Revco
523:Aetna
375:(PDF)
219:Notes
455:2013
424:2013
402:2013
357:2010
315:2013
288:link
274:2013
252:2016
196:and
159:US$
115:The
774:USA
165:" (
82:USA
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284:}}
280:{{
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66:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
