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OMNICARE PURCHASE OF CONTRACT RESEARCH FIRM COROMED TO EXPLOIT INSTITUTIONAL PHARMACY DATABASE; STADTLANDERS BUYS PRISON PHARMACY PROVIDER HUTCHERSON

Executive Summary

Omnicare's acquisition of Coromed, a Troy, N.Y.-based contract research organization, will capitalize on data the institutional pharmacy provider is already collecting from its 329,000 long-term care pharmacy patients. "Omnicare's access to clinical data on a large segment of the elderly populations, coupled with our ability to manage and analyze this information, provides us with an important competitive advantage," Coromed said.
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