The Traderszone Network

Published in TZ Latest News 20 May, 2015 by The TZ Newswire Staff

CVS in advanced talks to buy Omnicare: Report

CVS Health Corp., the biggest U.S. retailer of prescription drugs, is in advanced talks to acquire nursing-home pharmacy Omnicare Inc., people with knowledge of the matter said. Omnicare, with a market value of about $9.2 billion, hired advisers to explore a sale earlier this year. Representatives for Omnicare and CVS didn’t immediately reply to e-mail and phone calls seeking comment.