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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1874 |
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Meanwhile, it reduced its hospital business.
In 1985 Omnicare began a series of major changes, including both divestitures and acquisitions that reoriented the company to focus on providing pharmacy services to nursing homes and other institutional customers.
In 1986 Omnicare sold several of its hospital related businesses such as Inspiron Corp...
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to Intertech Resources Inc. for $13.3 million, Reliacare Inc.
In 1988 it completed the first of many acquisitions of companies that provided pharmacy products and services to geriatric institutions. Then in 1989 it sold HPI Health Care Services to Diagnostek Inc. for about $27 million. That was a major step, since it marked Omnicare's departure from the hospital pharmacy business...
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