May 26, 2004
* Shareholders of J.P. Morgan Chase & Co. and Bank One Corp. approved the merger of their two companies in separate votes, bringing the $58-billion deal a step closer to reality. Regulators still would have to sign off on the transaction, which the two banks expect to close by midyear. * * NeighborCare Inc., which supplies drugs to nursing homes, rejected a $1.24-billion acquisition offer from rival Omnicare Inc.
October 7, 1997
Add On Health Systems Inc., a private long-term care software company, has been acquired by Cincinnati-based Omnicare Inc. Terms were not disclosed. Add On has software installations in more than 825 facilities in 44 states. The company specializes in developing clinical and financial software systems for skilled nursing, subacute and assisted living facilities.
September 5, 1996 |
Pharmacy Deals Announced: Vitalink Pharmacy Services Inc. said it will acquire TeamCare, GranCare Inc.'s institutional pharmacy business, in a $370-million deal that would create a giant provider of drugs to the nursing-home industry. Naperville, Ill.-based Vitalink is an 82%-owned unit of Manor Care Inc., which owns 180 nursing homes in the U.S. The transaction has been approved by the companies' boards but is subject to a vote of GranCare stockholders.
August 8, 2006 |
AmerisourceBergen Corp. and Kindred Healthcare Inc. said they had agreed to form a new public company, combining their pharmacy units that serve mostly nursing homes. The deal sent AmerisourceBergen's shares up 46 cents to $43.18, while Kindred's shares rose $1.94 to $30.94. The new company would be the second-biggest player in the institutional pharmacy market, after leader Omnicare Inc., and it seeks to use its bulk to benefit from the new prescription drug benefits under Medicare.
January 29, 1985
James Carlson has been named vice president of planning and engineering for CPE Engineers, an Irvine-based firm formerly known as VTN Corp. CPE Engineers, a land planning and civil engineering firm, has developed communities in Mission Viejo, Pacific Palisades, Lake Forest, Laguna Niguel and Newport Beach. Sandra J. Eddy was recently named director of sales training and development at Times Mirror Cable Television in Irvine.
June 27, 2000 |
Show no mercy. That continues to be investors' approach toward companies that warn they won't make second-quarter earnings estimates. Among the warnings Monday: * Omnicare Inc. (OCR), the No. 1 U.S. provider of pharmacy services to nursing homes, warned quarterly results will be as much as 31% below analysts' estimates because of lower-than-expected sales. Its stock dived $8.81 to $9.38.