Omnicare Strategic Plan Omnicare Vision Combining OCR's exceptional people, processes and technologies in new ways to create entirely new eClinical services and outcomes that revolutionize how we conduct clinical trials and create value for our customers. Company History: Omnicare, Inc. is the nation's leading provider of pharmaceutical products and services to nursing homes, assisted living facilities and other long-term care facilities. Its pharmacies typically provide prescription drugs and pharmacy consultation services to geriatric facilities located within a 150-mile radius. Omnicare also uses its relationships with nursing homes to serve as a contract research organization (CRO) that conducts a wide variety of clinical trials in 27 countries for pharmaceutical and biotechnology companies. Origins and Changes in Direction in the 1980s On May 19, 1981, Omnicare, Inc was incorporated under the laws of Delaware. The company began managing healthcare services obtained from W.R. Grace & Company and Chemed Corporation. On May 20, 1981, the company selected Edward L. Hutton, a longtime W.R. Grace officer, as president and Joel F. Gemunder as president; they continued to lead the company for many years. Two months later, in July 1981, Omnicare began listing its common stock on the stock exchange. Omnicare and Chemed remained closely linked for several years. In 1982 Chemed became a totally independent public body. In its early years Omnicare operated a series of businesses that generally provided products and services to hospitals. Several general and specific issues have made Omnicare's hospital focus problematic. The average patient has spent less time in the hospital and hospital occupancy rates have declined rapidly in...... middle of article ...... drug comparison research. Omnicare has a direct impact on the health of elderly patients. They should continue in this area too. They can leverage their pharmaceutical expertise to create unique databases and proprietary clinical information services, all focused on providing the safest, most appropriate and cost-effective drug therapies for older adults. Their programs and services encourage early diagnosis and treatment, as this usually provides the best quality of life at a lower cost. Please advise that Omnicare Senior Pharmacy Services is well known in the medical profession as the creator of the Omnicare Geriatric Pharmaceutical Care Guidelines, the nation's first clinically based formulary guidelines tailored to the geriatric population. This formulary is the cornerstone of Omnicare's clinical programs and professional pharmaceutical consultancy services.