Omnicare Acquired by GenieRx | Healthcare M&A Deal

GenieRx has completed the acquisition of Omnicare, a pharmacy business in the long-term care segment in the United States, for $250 million. Omnicare supplies long-term care pharmacy services to patients and facilities, and CVS is divesting the unit as part of its pharmacy portfolio restructuring. GenieRx acquisitions in healthcare M&A focus on stabilizing and operating pharmacy dispensing for senior and institutional customers, supporting a divestiture acquisition strategy. The announced divestiture acquisition is structured as a private equity acquisition, with closing cash consideration of $250 million and an expected transition following court approval.