COVINGTON, Ky. A company that provides pharmaceutical care for the elderly is splitting its pharmacy services business into two divisions, hoping to make its services more effective and focused on customers.
Omnicare announced Wednesday the reorganization of its business into a long-term care group and a specialty care group. “This reorganization is part of our efforts to become a stronger operating company,” interim president and CEO James Shelton said. “We believe these structural changes will allow us to improve the customer experience and maximize growth opportunities through better coordination across the organization.”
The company’s specialty care group will comprise its specialty pharmacy and specialty pharmaceutical service businesses, hospice pharmacy, pharmaceutical case management and others. Nitin Sahney, who has headed Omnicare’s RxCrossroads business and previously managed a healthcare investment fund, will lead the group as president.
Omnicare SVP pharmacy operations Jeffrey Stamps will lead the long-term care business as EVP and president of long-term care operations.