Nitin Sahney has been the Chief Executive Officer and President of Omnicare Inc. since June 30, 2014 and September 11, 2012 respectively. Mr. Sahney served as the Chief Operating Officer at Omnicare Inc. from September 11, 2012 to June 30, 2014. He served as the President of Specialty Care Group at Omnicare Inc. since November 10, 2010. Mr. Sahney served as an Executive Vice President of Omnicare Inc since November 1, 2010. He served as the President of RxCrossroads
Omnicare is an American company working in the health care industry, established in April 1981.
In 2012, the Federal Trade Commission (FTC) sued Omnicare to block its hostile takeover of its rival PharMerica under federal anti-trust law. The FTC alleged that the acquisition would boost drug costs and inflate Medicare expenditures by consolidating the industry and reducing price competition. PharMerica owned 97 long-term-care pharmacies, while Omnicare owned approximately 200. The merger would have given Omnicare a 57% marketshare versus two percent for its nearest, non-PharMerica rival. Because of the FTC opposition, the takeover was terminated.