Description: CVS Health Corp. agreed to acquire nursing-home pharmacy Omnicare Inc. in a deal valued at $12.7 billion, adding services for the elderly to bolster its position as the biggest U.S. retailer of prescription drugs.
Source: Bloomberg.com – video report
Date: May 21, 2015
Questions for Discussions:
- Summarize the financial highlights of this acquisition.
- Do you think it is a good deal?
- What does the acquisition suggest about the industry and CVS in particular?