Net profits for long-term care pharmacy Omnicare Inc. (NYSE:OCR) rose to $18.7 million, or $0.17 per share, in the quarter ended June 30, 2012, compared to the same quarter in 2011 when the company lost $1.4 million and $0.01 per share due to discontinued operations. Gross profits rose 9.2% to $367.3 million, while net sales […]
Omnicare
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 […]
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 […]
Pharmaceutical company Omnicare, Inc. (NYSE:OCR), the nation’s largest pharmacy for long-term care facilities, must pay the U.S. government $50 million in a settlement over complaints it dispensed painkillers to nursing homes and other senior care facilities across the country without proper prescriptions or authorization. The Covington, Ky.-based company’s settlement with the Department of Justice is […]
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