Long-term care pharmacy giant Omnicare announced Tuesday the appointment of Ahmed Hassan as president of the Cincinnati-based company, effective Friday. Hassan is charged with executing the firm’s business strategy and exceeding goals in service, retention, growth and culture.
“I’m excited to be joining a rock-solid company filled with passionate long-term care experts. As a leader in supporting some of those most at-risk in our communities, every Omnicare associate is dedicated to improving the ‘end-user experience,’” Hassan stated in a press release. “We remain focused on providing the best service possible, while continuing to innovate new products and services to improve the health of our seniors and the facilities and communities that care for them.”
Retail pharmacy giant CVS Health acquired Omnicare for $10.4 billion in 2015. Omnicare provides pharmacy services to skilled nursing facilities and senior living communities.
“The acquisition of Omnicare significantly expands our business, providing CVS Health access into a new pharmacy dispensing channel,” Larry Merlo, then CEO of CVS Health, said at the time.
In a first quarter earnings call in May, Woonsocket, RI-based CVS Health’s pharmacy volume from the Omnicare operations had increased slightly in recent months, according to Shawn Guertin, CVS Health executive vice president and chief financial officer.
Hassan joined CVS Health in 2015, and has served in several roles over the past seven-and-a-half years. Most recently, he has been vice president and general manager of pharmacy benefit managers care management. Previously, he was senior director of product strategy in the specialty pharmacy division.
Before joining CVS Health, Hassan held various leadership positions across a range of healthcare and technology organizations in strategy, operations and product management. This included working at a health and life sciences consulting practice where he helped the firm’s payers, providers and pharmaceutical clients adapt to the changing healthcare landscape.
The executive holds a Bachelor of Engineering degree from Northwestern University and an MBA from Kellogg School of Management.
According to Tuesday’s press release, Omnicare expects Hassan to lead the company in continuing to provide exceptional care to facility residents.
