Examine individual changes

'{{Infobox company | name = Omnicare, Inc. | logo = [[File:Omnicare Logo.JPG|120px]] | industry = [[Pharmaceuticals]] | location_city = [[Cincinnati, Ohio]] | location_country = USA | homepage = http://www.omnicare.com/ | type = [[Public company|Public]] | traded_as = {{NYSE|OCR}} | key_people = {{unbulleted list | [[John L. Workman]] ([[Chief executive officer|CEO]]) | [[Nitin Sahney]] ([[President]] and [[Chief Operating Officer|COO]]; CEO-elect)<ref>{{cite web |url=http://www.bizjournals.com/louisville/news/2014/03/25/omnicare-gets-its-fourth-ceo-in-four-years.html |title=Omnicare gets its fourth CEO in four years |publisher=Louisville Business First |author=David A. Mann |date=25 Mar 2014 |accessdate=24 Jun 2014}}</ref> | [[Rocky Kraft]] ([[Chief Financial Officer|CFO]])}} }} [[File:Omnicare NYSE 2011 Shankbone.jpg|thumb|The [[New York Stock Exchange]] building on September 1, 2011 with an Omnicare banner marking the 30th anniversary of the company's public listing.]] '''Omnicare''' is a [[Fortune 500]] company based in [[Cincinnati, Ohio]]. Omnicare functions primarily as a provider of [[pharmaceutical]]s, related consulting and data management services. As of December 31, 2009 the company provided its pharmacy services to skilled nursing, assisted living, and other healthcare facilities comprising approximately 1.4 million beds in 47 [[U.S. state]]s, the [[District of Columbia]] and [[Canada]]. Omnicare's CEO is Dominic J. Rosso In 2012, the Federal Trade Commission (FTC) sued Omnicare to block its [[hostile takeover]] of its rival [[PharMerica]] under federal [[anti-trust law]]. The FTC alleged that the acquisition would boost drug costs and inflate Medicare expenditures by consolidating the industry and reducing price competition.<ref name="FTC Blocks Deal">{{cite web|title=FTC Sues to Block Omnicare's Bid to Buy Rival Pharmacy Provider PharMerica; Deal Would Lead to Higher Costs for Medicare Patients and Taxpayers, Agency Alleges|url=http://www.ftc.gov/opa/2012/01/omnicare.shtm|publisher=Federal Trade Commission|accessdate=12 September 2013}}</ref> PharMerica owned 97 long-term-care pharmacies, while Omnicare owned approximately 200. The merger would have given Omnicare a 57% marketshare versus two percent for its nearest, non-PharMerica rival.<ref name="FTC blocks merger">{{cite web|title=FTC blocks Omnicare acquisition of PharMerica|url=http://drugtopics.modernmedicine.com/drug-topics/news/ftc-blocks-omnicare-acquisition-pharmerica|publisher=Drug Topics|accessdate=12 September 2013}}</ref> Because of the FTC opposition, the takeover was terminated. ==Whistleblower lawsuits== In November 2009, Omnicare paid $98 million to the federal government to settle five "[[qui tam]]" ([[whistleblower]]) lawsuits and government charges that the company had paid or solicited a variety of [[Kickback (bribery)|kickbacks]].<ref>{{cite news|author=[[United States Department of Justice|Department of Justice]]|title=Nation's largest nursing home pharmacy and drug manufacturer to pay $112 million to settle false claims act cases|date=November 3, 2009|url=http://www.justice.gov/opa/pr/2009/November/09-civ-1186.html}}</ref> The company admitted no wrongdoing.<ref>{{cite news|author=Hilzenrath, David S.|date=January 16, 2010|title=Justice suit accuses Johnson & Johnson of paying kickbacks|url=http://www.washingtonpost.com/wp-dyn/content/article/2010/01/15/AR2010011503903.html|publisher=The Washington Post|accessdate=January 17, 2010}}</ref> The charges included allegations that Omicare solicited and received kickbacks from a pharmaceutical manufacturer [[Johnson & Johnson]], in exchange for agreeing to recommend that physicians prescribe Risperdal, a Johnson & Johnson antipsychotic drug, to nursing home patients. Starting in 2006, healthcare entrepreneur [[Adam B. Resnick]] sued Omnicare, a major supplier of drugs to [[nursing homes]], under the [[False Claims Act]], as well as the parties to the company's illegal kickback schemes. Omnicare allegedly paid kickbacks to nursing home operators in order to secure business, which constitutes [[Medicare fraud|Medicare]] and [[Medicaid fraud]]. Omnicare allegedly had paid $50 million to the owners (Leonard Grunstein and [[Rubin Schron]]) of the Mariner Health Care Inc. and SavaSeniorCare Administrative Services LLC nursing home chains in exchange for the right to continue providing pharmacy services to the nursing homes.<ref>{{cite news|author=U.S. Department of Justice|title=Complaint of the United States in the District Court of Massachusetts CA No. 06-10149 RGS| date=March 4, 2009|url=http://www.phillipsandcohen.com/CM/NewsSettlements/United%20States%20v%20%20Omnicare%20Mariner%20et%20al%20%20complaint.pdf}}</ref> In 2010, Omnicare settled Resnick's False Claims Act suit that had been taken up by the [[U.S. Department of Justice]] by paying $19.8 million to the federal government, while Mariner and SavaSeniorCare settled for $14 million.<ref>{{cite web|last=Ameet|first=Sachdev|title=Scheme's victims Scheme's victims seeking restitution FDIC could get most of payment; FDIC could get most of payment|url=http://articles.chicagotribune.com/2010-02-11/news/1002100576_1_fdic-restitution-bank-fraud|publisher=Chicago Tribune|accessdate=12 September 2013}}</ref><ref>{{cite web|title=Prominent New York City Real Estate Investor, Attorney and Atlanta Nursing Home Chains Pay $14 Million to Settle Whistleblower Kickback Case|url=http://www.prnewswire.com/news-releases/prominent-new-york-city-real-estate-investor-attorney-and-atlanta-nursing-home-chains-pay-14-million-to-settle-whistleblower-kickback-case-85506647.html|publisher=PR Newswire|accessdate=12 September 2013}}</ref> A second whistleblower lawsuit filed against Omnicare it by Resnick and Total Pharmacy Services V.P. Maureen Nehls related to kickbacks that were part of its 2004 acquisition of Total Pharmacy Services was settled for $17.2 million by Omnicare and $5 million by the Total Pharmacy owners.<ref>{{cite news|last=Monk|first=Dan|title=Omnicare settles whistleblower case in Illnois|url=http://www.wcpo.com/money/local-business-news/omnicare-settles-whistleblower-case-in-illnois|accessdate=12 September 2013|newspaper=Scripps Media|date=16 July 2013}}</ref><ref>{{cite news|last=Jackson|first=David & Gary Marx|title=Nursing home execs agree to pay $5 million to settle suit|url=http://articles.chicagotribune.com/2013-08-06/news/ct-met-esformes-settlement-20130807_1_maureen-nehls-morris-esformes-total-pharmacy|accessdate=12 September 2013|newspaper=Chicago Tribune|date=6 August 2013}}</ref> ==Notes== {{reflist}} ==External links== * [http://www.law.ufl.edu/faculty/pdf/9-4-03hanew.pdf Omnicare v. NCS Healthcare] - Major case involving anti-takeover provisions. [[Category:Companies listed on the New York Stock Exchange]] [[Category:Health care companies of the United States]] [[Category:Pharmacy Benefit Management companies based in the United States]]'