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Skip to main content. In addition, OMNICARE knowingly transmitted false information to these federal healthcare programs that made it appear that drug dispensations were supported by current, valid prescriptions from physicians when in fact they were not. The Government intervened in two private whistleblower lawsuits before Chief Judge Colleen McMahon that had previously been filed under seal pursuant to the False Claims Act.
Assistant U. Attorneys Jeffrey K. Folch are in charge of the case. You are here U. Department of Justice. Tuesday, December 17, The lawsuits were filed under the qui tam , or whistleblower, provisions of the False Claims Act, which permit private individuals to sue on behalf of the government for false claims and to share in any recovery.
The act also allows the government to intervene and take over the action, as it did in part in this case in May The United States filed a complaint-in-intervention against Omnicare in December The partnership between the two departments has focused efforts to reduce and prevent Medicare and Medicaid financial fraud through enhanced cooperation. One of the most powerful tools in this effort is the False Claims Act. The cases are captioned United States ex rel.
Omnicare announced in August that it was moving ahead on its largest acquisition to date. In addition, American Mediserve served another 27, individuals through a joint venture. In December Omnicare completed its acquisition of Coromed Inc. This was Omnicare's first acquisition of a contract research organization CRO , which took advantage of Omnicare's already existing relationships with numerous nursing homes and other long-term healthcare institutions.
This was a major turning point for Omnicare, for now it was involved in the testing of new drugs, not just the distribution of drugs. At the end of Omnicare provided its pharmacy services to about , individuals in 5, nursing homes, retirement centers, and other long-term care facilities in 37 states.
Some 7, workers, including 1, part-time, were employed at the end of the year. In its K annual report to the Securities and Exchange Commission, Omnicare said that it was "the largest independent institutional pharmacy company in the U. Other acquisitions included Premiere Institutional Pharmacy Inc. Omnicare continued to grow by acquisitions in Hasse GmbH in Cologne, Germany.
Omnicare Inc. Its revenues earned it a ranking as the nation's th largest company, according to Fortune on April 15, In the healthcare industry, Omnicare was listed as the 26th largest company.
In January the company completed a major acquisition by buying most assets of American Pharmaceutical Services Inc. Once again Omnicare continued its role as a major consolidator of the geriatric pharmaceutical distribution and consulting industry. Omnicare proved to be a great example of a company that changed directions to take advantage of healthcare and demographic trends beginning in the s.
Since hospital occupancy rates fell and numerous community hospitals closed their doors, Omnicare quit providing products and services for such large institutions. Second, it shifted to serving the rapidly aging American population by providing pharmacy services to nursing homes, assisted living facilities, and other geriatric institutions.
Omnicare's focus on such smaller facilities was part of a general decentralization trend in the postindustrial Information Age. James Press,
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