Omnicare Announces 10% Increase in Quarterly Cash Dividend

CINCINNATI, December 5, 2014 - Omnicare, Inc. (NYSE:OCR), today announced an increase to its quarterly dividend, demonstrating the Company's continued focus on returning value to its stockholders.  Omnicare's Board of Directors approved a quarterly cash dividend of $0.22 per share on the Company's common stock, reflecting a 10% increase over the previous quarterly cash dividend rate of $0.20 per share.  The dividend is payable on December 26, 2014 to all stockholders of record on December 16, 2014.

"We are pleased to announce our fifth consecutive annual increase in our quarterly cash dividend," said Nitin Sahney, President and Chief Executive Officer.  "This 10% increase in our dividend is a reflection of our solid financial performance and our ongoing efforts to redeploy capital to the benefit of our investors."

About Omnicare

Omnicare, Inc., a Fortune 500 company based in Cincinnati, Ohio, provides comprehensive pharmaceutical services to patients and providers across the United States.  As the market-leader in professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other chronic care institutions, Omnicare leverages its unparalleled clinical insight into the geriatric market along with some of the industry's most innovative technological capabilities to the benefit of its long-term care customers.  Omnicare also provides key commercialization services for the bio-pharmaceutical industry through its Specialty Care Group.  For more information, visit www.omnicare.com.

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Contact:
Patrick C. Lee
(513) 719-1507
patrick.lee@omnicare.com