ocr industry pharmacy headquarters cincinnati ohio usa key people rocky kraft ceo parent cvs health website http www.omnicare.com the new york stock exchange building on september 1 2011 with an omnicare banner marking the 30th anniversary of the company s public listing . omnicare is an american company working in the health care industry established in april 1981 as a spinoff of healthcare businesses from chemed and w. r. grace and company . it is currently a pharmacy specializing in nursing homes . 1 in 2015 omnicare was acquired by cvs health . events edit in 2012 the federal trade commission ftc sued omnicare to block its hostile takeover of its rival pharmerica under federal anti trust law . the ftc alleged that the acquisition would boost drug costs and inflate medicare expenditures by consolidating the industry and reducing price competition . 2 pharmerica owned 97 long term care pharmacies while omnicare owned approximately 200 . the merger would have given omnicare a 57 % marketshare versus two percent for its nearest non pharmerica rival . 3 because of the ftc opposition the takeover was terminated . in november 2009 omnicare paid us 98 000 000 to the federal government to settle five qui tam whistleblower lawsuits and government charges that the company had paid or solicited a variety of kickbacks . 4 the company admitted no wrongdoing . 5 the charges included allegations that omnicare solicited and received kickbacks from a pharmaceutical manufacturer johnson & johnson in exchange for agreeing to recommend that physicians prescribe risperdal a johnson & johnson antipsychotic drug to nursing home patients . starting in 2006 healthcare entrepreneur adam b. resnick sued omnicare a major supplier of drugs to nursing homes under the false claims act as well as the parties to the company s illegal kickback schemes . omnicare allegedly paid kickbacks to nursing home operators in order to secure business which constitutes medicare and medicaid fraud . omnicare allegedly had paid 50 million to the owners leonard grunstein and rubin schron 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 . 6 in 2010 omnicare settled resnick s false claims act suit that had been taken up by the u.s. department of justice by paying 19.8 million to the federal government while mariner and savaseniorcare settled for 14 million . 7 8 a second whistleblower lawsuit filed against omnicare it by resnick and total pharmacy services v.p. maureen nehls related to kickbacks that were part of its 2004 acquisition of total pharmacy services was settled for 17.2 million by omnicare and 5 million by the total pharmacy owners . reportedly omnicare was set to acquire jobminglr.com for an undisclosed sum . 9 10 notes edit timeline omnicare a mess in spite of itself 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 press release . katz mitchell j. media contact . federal trade commission . 27 january 2012 . ftc file no. 111 0239 . retrieved 12 september 2013 . staff 2 february 2012 . ftc blocks omnicare acquisition of pharmerica . drug topics . new jersey usa umb advanstar . retrieved 12 september 2013 . nation s largest nursing home pharmacy and drug manufacturer to pay 112 million to settle false claims act cases press release . united states department of justice . 3 november 2009 . hilzenrath david s. 16 january 2010 . justice suit accuses johnson & johnson of paying kickbacks . wash . post . retrieved 17 january 2010 . u.s. department of justice march 4 2009 . complaint of the united states in the district court of massachusetts ca no. 06 10149 rgs pdf . ameet sachdev . scheme s victims scheme s victims seeking restitution fdic could get most of payment ; fdic could get most of payment . chicago tribune . retrieved 12 september 2013 . prominent new york city real estate investor attorney and atlanta nursing home chains pay 14 million to settle whistleblower kickback case . pr newswire . retrieved 12 september 2013 . monk dan 16 july 2013 . omnicare settles whistleblower case in illinois . scripps media . retrieved 12 september 2013 . jackson david & gary marx 6 august 2013 . nursing home execs agree to pay 5 million to settle suit . chicago tribune . retrieved 12 september 2013 . external links edit omnicare v. ncs healthcare major case involving anti takeover provisions . v t e cvs health subsidiaries cvs pharmacy cvs caremark minuteclinic longs drugs navarro discount pharmacies omnicare predecessors arbor drugs big b drugs eckerd hook s drug stores osco drug peoples drug revco sav on drugs standard drug company target pharmacy key people ward melville related cvs charity classic cvs health charity classic cvs pharmacy lpga challenge melville corporation retrieved from https en.wikipedia.org w index.php title omnicare & oldid 736258246 categories companies formerly listed on the new york stock exchangehealth care companies of the united statespharmacy benefit management companies based in the united statesspecialty drugs navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 26 august 2016 at 07 19 . text is available under the creative commons attribution sharealike license ; 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