This excerpt taken from the OCR 8-K filed Jan 20, 2009.
OMNICARE COMMENTS ON SUMMARY JUDGMENT RULING IN UNITEDHEALTH GROUP CASE
COVINGTON, Ky., January 19, 2009 Omnicare, Inc. (NYSE:OCR), one of the nations leading providers of pharmaceutical care for the elderly, today issued the following statement concerning a ruling by the US District Court of Northern Illinois granting a summary judgment motion filed by UnitedHealth Group Incorporated (NYSE: UNH) and its subsidiaries PacifiCare Health Systems, Inc. and RxSolutions, Inc., which does business as Prescriptions Solutions (collectively, United), in Omnicares lawsuit against United:
We do not agree with this ruling and we continue to believe our claims against United are strong. The Company has been advised by its legal advisors that there are valid and compelling grounds for appeal and the Company will do so promptly.
Omnicare, Inc. (NYSE:OCR), a Fortune 500 company based in Covington, Kentucky, is a leading provider of pharmaceutical care for the elderly. Omnicare serves residents in long-term care facilities, chronic care and other settings comprising approximately 1.4 million beds in 47 states, the District of Columbia and Canada. Omnicare is the largest U.S. provider of professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other institutional healthcare providers as well as for hospice patients in homecare and other settings. Omnicares pharmacy services also include distribution and product support services for specialty pharmaceuticals. Omnicare offers clinical research services for the pharmaceutical and biotechnology and medical device industries in 30 countries worldwide. For more information, visit the companys Web site at www.omnicare.com.