Omnicare acquires ACS specialty pharmacy and support services

COVINGTON, Ky. Omnicare has announced that it has acquired the specialty pharmaceutical services provider Advanced Care Scripts. Advanced Care Scripts provides both specialty pharmacy and product support services for the pharmaceutical and biotechnology industries.

Its specialty pharmacy operations dispense high-cost oral and injectable medications directly to patients and provide a range of related clinical and administrative services. Its product support services division provides pharmaceutical and biotechnology companies with a range of services, including reimbursement support, compliance monitoring, patient assistance programs and data management.

“The acquisition of Advanced Care Scripts is squarely in line with our strategy of broadening Omnicare's platform through the addition of high-growth businesses as it enhances Omnicare's position in specialty pharmaceutical services—one of the fastest growing sectors in pharmaceutical care,” said Joel Gemunder, president and chief executive officer of Omnicare.

Based on the quarter ended March 31, 2008, Advanced Care Scripts' revenues are running at an annualized rate of approximately $212 million.