Joel gemunder omnicare statement

Gemunder is a trustee of the Joel F. Gemunder Foundation, which holds 8,480 shares of Common Stock over which he holds both voting and dispositive powers..

Joel F. Gemunder, Omnicare's president and chief executive officer, said, “We are disappointed with the NeighborCare Board of Directors' decision to recommend.

John Crotty, chairman of the board for Omnicare, praised Gemunder in a statement saying, “Joel has pioneered innovative business methods.

Gemunder is a trustee of the Joel F. Gemunder Foundation, which holds 8,480 shares of Common Stock over which he holds both voting and dispositive powers.

The President of Omnicare, Inc. is Joel Gemunder.

KBC averred that these misstatements started on January 10, 2007 when Gemunder stood before the JP Morgan Healthcare Conference and stated that Omnicare's “goal.

You've probably never heard of Omnicare (OCR), so you're probably not interested in knowing that the company just paid $21 million to Michigan and Massachussetts to settle allegations that it overcharged Medicaid.

But you should be: Omnicare is a massive provider of pharmacy services to old people's homes and senior care facilities, and this settlement is merely the tip of the iceberg.

If there were any justice, Omnicare CEO Joel Gemunder would be squirming under the bright lights of 60 Minutes' cameras, trying to explain the company's various drug price schemes.

On his watch, Omnicare has paid out $168.5 million in legal settlements for various kickback schemes it was involved with. Among them:

A settlement with the federal government for $98 million. On that case, Omnicare was accused of paying $50 million to acquire a business worth no more than $5 million because the $50 million was essentially a kickback to steer pharmacy contracts to Omnicare.
Omnicare paid $49.5 mil