Omnicare

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Omnicare, Inc.
TypePublic
Traded asNYSEOCR
IndustryPharmaceuticals
HeadquartersCincinnati, Ohio, USA
Key people
Websitehttp://www.omnicare.com/
 
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Omnicare, Inc.
TypePublic
Traded asNYSEOCR
IndustryPharmaceuticals
HeadquartersCincinnati, Ohio, USA
Key people
Websitehttp://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 a Fortune 500 company based in Cincinnati, Ohio. Omnicare functions primarily as a provider of pharmaceuticals, related consulting and data management services. As of December 31, 2009 the company provided its pharmacy services to skilled nursing, assisted living, and other healthcare facilities comprising approximately 1.4 million beds in 47 U.S. states, the District of Columbia and Canada.

In November 2009, Omnicare paid $98 million 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. [1] The company admitted no wrongdoing.[2] The charges included allegations that Omicare 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. The settlement also covered a whistleblower lawsuit that alleged that Omnicare paid $50 million to the owners 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. [3]

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