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Pharmaceutical industry

Omnicare Acquires Medical Communications Software, Expanding its Long-Term Care Software Portfolio

Strategic Insights

— 2 min read

Omnicare, a leading geriatric pharmaceutical care company, has acquired Medical Communications Software, Inc. (MCS) in a pooling-of-interests transaction. This acquisition expands Omnicare's line of long-term care software systems and increases its software installations to over 4,700 facilities, making it the largest provider of resident assessment and care planning software in the nation. The acquisition aims to provide Omnicare's clients with a fully integrated platform to compile and assess cost data related to patient diagnoses, drug utilization, and treatment plans.

Key Takeaways:

  • Omnicare has acquired Medical Communications Software, Inc. (MCS), a privately owned long-term care software company based in Shawnee, Kansas.
  • MCS specializes in developing clinical software systems for skilled nursing, subacute, and assisted living facilities, with software installations in over 1,200 facilities in 47 states.
  • The acquisition expands Omnicare's base of software installations to over 4,700 facilities, making it the largest provider of resident assessment and care planning software in the nation.
  • MCS's software product line includes resident assessment/care planning packages, outcomes measurement software, quality assurance, and case mix systems.
  • The addition of MCS and its experienced management and staff will provide numerous growth opportunities and enhance Omnicare's Accu-Med Data Management Group.
  • MCS's software system features a sophisticated case mix module, which allows client facilities to predict and track costs by diagnosis and levels of care.
  • This unique feature will be incorporated into Omnicare's broader-based Accu-Max(TM) suite of state-of-the-art software for long-term care, including a complete clinical system (resident assessment/care planning), and financial management, pre-costing, and admissions, and resource utilization groups (RUGs)/case mix reporting modules.

**Stephen Blackford, MCS President, commented:** "We have been impressed by Omnicare's commitment to lead the industry as an institutional pharmacy services provider, and to become the technology leader in long-term care. Working together, we can provide our long-term care clients with efficient, cost-effective software packages that will meet their ever-increasing needs in a new reimbursement environment and that provide the basis for superior care for the elderly."

Statistics:

  • Omnicare has revenues of approximately $1.2 billion.
  • With the acquisition of MCS, Omnicare serves nearly 470,000 residents in over 5,700 long-term care facilities in 37 states.
  • Including its pending acquisition of CompScript, Inc., Omnicare becomes the nation's largest provider of professional pharmacy and related consulting and data management services for long-term care, assisted living, and other institutional health care facilities.

Sources:

  • Omnicare, Inc. (1998, April 6). Omnicare Acquires Medical Communications Software, Inc. Business Wire.
  • Omnicare, Inc. (1998, April 6). Corporate News on the Net. http://www.businesswire.com/cnn/ocr.htm

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