Omnicare Sued by U.S. Regulators to Block Takeover of PharMerica - Businessweek

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Omnicare Sued by U.S. Regulators to Block Takeover of PharMerica - Businessweek

U.S. regulators sued Omnicare Inc. to block its $440.8 million takeover of rival drug-supply company PharMerica Corp., a deal they said would increase prices for elderly nursing-home residents covered by Medicare. Omnicare’s acquisition of Louisville, Kentucky-based PharMerica would give it the bargaining leverage to raise medicine prices for those covered by Medicare prescription drug plans, passing those costs on to U.S. taxpayers, the Federal Trade Commission said yesterday in a stateme

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Tags: Drug, Senior Health, Health Insurance, Medicare, Medical, Medicine