Omnicare to Provide Skilled Nursing Pharmacy Services for Kindred

Omnicare, Inc. (NYSE:OCR) has agreed to provide skilled nursing pharmacy services for Kindred Healthcare, Inc. (NYSE:KND), the company announced in an 8-K filing on Friday.The transition is expected to commence at the end of 2013. Kindred informed its current skilled nursing pharmacy service, PharMerica Corporation, on Friday that it would not be renewing a contract that […]

Medications Changing Assisted Living from Hospitality to Nursing

Assisted living residents have always used pharmacies, but with acuity levels rising across the industry, the need for better integration has reached its boiling point. Des Moines, Iowa-based Life Care Services, an LCS Company that manages senior living communities, agrees that rising acuity levels in senior living makes managing residents’ medications even more important. “It’s […]

Omnicare Sets Sights on Assisted Living With New Concierge Program

Omnicare (NYSE:OCR), an institutional pharmacy service provider based in Cincinnati, Ohio, has started to roll out a new Concierge program to meet the needs of assisted living residents. “Our strongest offering has been toward skilled nursing, but [we’ve started] rolling out new services targeted at assisted living,” said Patrick Lee, vice president of investor relations […]

Movers & Shakers – People and Positions for January 2013

Happy New Year, senior housing professionals! It’s 2013, and we have a whole new round-up of people who have been making moves and shaking things up in the industry. Did any of your new year’s resolutions include taking a new position or joining a different company? Look for senior housing jobs nationwide on SHN’s job board. Employers: Take […]

After Exiting LTC Pharmacy Business, Walgreens Plans Hospice Platform

Two years after exiting the long-term care pharmacy business, Walgreen Co. is getting back into senior care with plans to launch a national platform targeting hospice providers and cutting out the pharmacy benefit management “middlemen,” reports Crain’s Chicago Business. Like much of the long-term care industry, the hospice pharmacy industry is very fragmented and therefore attractive […]

Omnicare Agrees to Settle Whistleblower Lawsuit of Alleged Kickbacks, False Claims

Long-term care pharmaceutical provider Omnicare (NYSE:OCR) has agreed to settle a whistleblower lawsuit alleging it had paid a kickback when acquiring a pharmacy company and submitted false reimbursement claims to government health insurers, but has denied wrongdoing in court papers, reports Bloomberg Businessweek. The Covington, Ky.-based nursing home drugs supplier acquired Total Pharmacy Services LLC in […]

Five Star Quality Care to Sell Off Pharmacy Business to Omnicare for $30.7 Million

Newton, Mass.-headquartered Five Star Quality Care, Inc. (NYSE:FVE) announced on Monday its agreement to sell its pharmacy business to Omnicare (NYSE:OCR) for $30.7 million. The senior living and healthcare services company anticipates the sale of this business will result in a capital gain to Five Star of approximately $23.5 million.  The senior living company’s pharmacy […]

Movers and Shakers – People and Positions for June 2012

Summer is starting to heat up along with the job opportunities and movement in senior housing. This week’s movers and shakers are a veritable list of jalapenos, hopping and hot. Interested in a change of scenery? SHN’s job board is chock-full of opportunities for new adventures. For employers, SHN’s senior living jobs (link SLJ to […]