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Nation's Largest Nursing Home Pharmacy and Drug Manufacturer to Pay $112 Million to Settle False Claims Act Cases

www.prnewswire.com

Nation's Largest Nursing Home Pharmacy and Drug Manufacturer to Pay $112 Million to Settle False Claims Act Cases.

http://www.prnewswire.com/news-releases/nations-largest-nursing-home-pharmacy-and-drug-manufacturer-to-pay-112-million-to-settle-false-claims-act-cases-68892317.html

Omnicare Declares Quarterly Cash Dividend (Business Wire)

finance.yahoo.com | Nov 20, 2009

COVINGTON, Ky.--(BUSINESS WIRE)--The Board of Directors of Omnicare, Inc. (NYSE:OCR - News), a leading provider of pharmaceutical care for

http://finance.yahoo.com/news/Omnicare-Declares-Quarterly-bw-1302412002.html?x=0

Personal Injury and Social Security Disability Blog: Omnicare Will Settle Kickback Cases for

www.injury-and-disability.com | Nov 4, 2009

CBS Evening News (11/3, story 9, 1:40, Smith) reported, "As members of Congress debate healthcare reform, most would agree there needs to be a crackdown on cheating. Chief Investigative Correspondent Armen Keteyian reports now on a staggering fraud settlement involving...

http://www.injury-and-disability.com/2009/11/omnicare-will-settle-kickback-cases-for-98000000.html

PSLRA Class Action Defense CasesIndiana State District Counsel v. Omnicare: Sixth Circuit Affirms Dismissal Of Securities Fraud Class Action Noting Bad Corporate News Does Not Automatically Mean Securities Fraud

classactiondefense.jmbm.com | Nov 10, 2009

Class Action Alleging Securities Fraud Properly Dismissed because Class Action Complaint Failed to Meet Heightened Pleading Requirements Established by Private Securities Litigation Reform Act (PSLRA) Sixth Circuit Holds Plaintiffs filed a putative class action against Omnicare and

http://classactiondefense.jmbm.com/2009/11/pslra_class_action_defense_cas_24.html

News from Zibb.com

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Omnicare Declares Quarterly Cash Dividend - Zibb.com

COVINGTON, Ky., Nov 20, 2009 (BUSINESS WIRE) --

The Board of Directors of Omnicare, Inc. (NYSE:OCR), a leading provider of pharmaceutical care for the elderly, declared today a quarterly cash dividend of 2.25 cents ($0.0225) per share on its common stock. The dividend is payable December 21, 2009 to stockholders of record on December 7, 2009.

Omnicare, Inc. (NYSE:OCR), a Fortune 500 company based in Covington, Kentucky, is a leading provider of pharmaceutical care for the elderly. Omnicare serves residents in long-term care facilities, chronic care and other settings comprising approximately 1.4 million beds in 47 states, the District of Columbia and Canada. Omnicare is the largest U.S. provider of professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other institutional healthcare providers as well as for hospice patients in homecare and other settings. Omnicare's pharmacy services also include distribution and patient assistance services for specialty pharmaceuticals. Omnicare offers clinical research services for the pharmaceutical and biotechnology industries in 31 countries worldwide.

For more information on Omnicare, visit www.omnicare.com.

SOURCE: Omnicare, Inc.

Omnicare, Inc. 
Cheryl D. Hodges, 859-392-3331

Companies: Omnicare, Inc. (OCR)

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Omnicare to Present at the Lazard Capital Markets Sixth Annual Healthcare Conference - Zibb.com

COVINGTON, Ky., Nov 13, 2009 (BUSINESS WIRE) --

Omnicare, Inc. (NYSE:OCR), a leading provider of pharmaceutical care for the elderly, announced today that it will participate in the Sixth Annual Lazard Capital Markets Healthcare Conference on November 17 at 1:40 p.m. EST in New York, New York. Presenting for Omnicare will be David W. Froesel, Jr., senior vice president and chief financial officer.

The presentation will be broadcast live over the Internet and can be accessed at http://www.wsw.com/webcast/lz6/ocr/. Please allow extra time prior to the presentation to visit the site and download the streaming media software required to listen to the Internet broadcast. Following the conference, an archived version of the webcast will be available for 14 days.

About Omnicare, Inc.

SOURCE: Omnicare, Inc.

Omnicare, Inc. 
Cheryl D. Hodges, 859-392-3331

Companies: Omnicare, Inc. (OCR)

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Omnicare Finalizes Voluntary Settlement Agreement - Zibb.com

Nov 06, 2009 (Close-Up Media via COMTEX) --

Omnicare, Inc. has announced that it has finalized a previously disclosed agreement in principle for a voluntary civil settlement with the U.S. Attorney's Office, District of Massachusetts, the Departments of Justice and Health and Human Services, as well as various of the states in which the Company does business.

In a release, the Company noted that the settlement relates to the previously disclosed investigation with respect to qui tam complaints filed against the Company. The Company said that it cooperated fully with the review of these matters and is pleased to have reached a resolution.

Omnicare said that the Settlement Agreement does not include any finding of wrongdoing or any admission of liability by Omnicare. The Company denies the contentions of the federal government and the qui tam relators as set forth in the complaints and further denies any liability related to those contentions. The allegations include claims that the Company purportedly purchased a medical supply business at an above-market price to induce the referral of business; allegedly received improper payments from pharmaceutical manufacturers; and purportedly provided consultant pharmacist services to customers at below cost and fair market value to induce the referral of business. The Company agreed to settle the matters in order to avoid expensive and time-consuming litigation and to focus on its mission of providing high-quality pharmaceutical care for the frail elderly.

Under the terms of the Settlement Agreement, Omnicare has agreed to pay $98 million plus interest (from June 24, the date of the aforementioned agreement in principle) to the federal government and the participating states and the District of Columbia and related expenses. Consistent with previous disclosure, this amount has been reserved by Omnicare. Omnicare has also voluntarily entered into an Amended and Restated Corporate Integrity Agreement (CIA) with the Department of Health and Human Services. The CIA will be in effect for a period of five years and provides for, among other things, training and oversight to demonstrate Omnicare's commitment to comply with the applicable laws and regulations governing pharmacies.

Omnicare, Inc. is a provider of pharmaceutical care for the elderly.

((Comments on this story may be sent to health@closeupmedia.com))

Companies: Omnicare, Inc. (OCR)

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Omnicare to Present at the Credit Suisse 18th Annual Healthcare Conference - Zibb.com

COVINGTON, Ky., Nov 06, 2009 (BUSINESS WIRE) --

Omnicare, Inc. (NYSE:OCR), a leading provider of pharmaceutical care for the elderly, announced today that it will participate in the Credit Suisse 18th Annual Healthcare Conference on November 11 at 1:00 p.m. EST in Phoenix, Arizona. Presenting for Omnicare will be Joel F. Gemunder, president and chief executive officer.

The presentation will be broadcast live over the Internet and can be accessed at http://w.on24.com/r.htm?e=174681&s=1&k=AC156CE46FBC1EE04485532C9E1E134F. Please allow extra time prior to the presentation to visit the site and download the streaming media software required to listen to the Internet broadcast. Following the conference, an archived version of the webcast will be available for 14 days.

About Omnicare, Inc.

SOURCE: Omnicare, Inc.

Omnicare, Inc. 
Cheryl D. Hodges, 859-392-3331

Companies: Omnicare, Inc. (OCR)

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Web Sites

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National Pharmacy Omnicare Pays Unusual Settlement to Resolve Charges of Generic Drug Switching in Delaware Nursing Homes, Resulting From Qui Tam Lawsuit

www.bio-medicine.org

Health, ... Omnicare Inc. which calls itself "the nation's leading provi...Wilmington DE (PRWEB) May 22 2009 -- Omnicare Inc. which calls

http://www.bio-medicine.org/medicine-news-1/National-Pharmacy-Omnicare-Pays--26apos-3BUnusual-26apos-3B-Settlement-to-Resolve-Charges-of-Generic-Drug-Switching-in-Delaware-Nursing-Homes--Resulti-46733-1/

Omnicare: Providing pharmaceutical care for seniors

Home Pharmacy Clinical Research Technology Services MMA News Investors Employment Our business is pharmaceutical care. Our mission is positive outcomes. [image] [image] [image] [image] Omnicare The nation's leading provider of pharmaceutical care for seniors. Omnicare, Inc. • 1600 RiverCenter II,

http://www.omnicare.com/