Omnicare, Inc., a leading provider of pharmaceutical care for the elderly, today announced a strategic reorganization of its Pharmacy Services business into two groups; Long-Term Care and Specialty Care.
"This reorganization is part of our efforts to become a stronger operating company," said James D. Shelton, Omnicare's Interim President and Chief Executive Officer. "We believe these structural changes will allow us to improve the customer experience and maximize growth opportunities through better coordination across the organization."
Omnicare's Long-Term Care Group will be led by Jeffrey M. Stamps, who has been appointed Executive Vice President and President, Long-Term Care Operations. Mr. Stamps previously served as Senior Vice President, Pharmacy Operations. He will report to the Chief Executive Officer.
The reorganized Long-Term Care Group has been centralized from eleven regions to five divisions, thereby improving coordination across the organization. Resources will be reallocated within the Long-Term Care Group to improve support, focus and consistency for the Company's operations teams, designed to increase retention and growth.
"Jeff has long provided outstanding leadership to our field operations, and we expect his contributions will only increase as the newly formed Long-Term Care Group moves under his direction," said Mr. Shelton.
Omnicare's Specialty Care Group will consist of the Company's specialty pharmacy and specialty pharmaceutical services businesses, Advanced Care Scripts, RxCrossroads, and Care For Life, as well as Omnicare's hospice pharmacy and pharmaceutical case management business, excelleRx. Under the direction of newly appointed Specialty Care Group President, Nitin Sahney, Omnicare will focus additional resources on these growing businesses, further leverage existing capabilities, and pursue complementing avenues for growth.
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