Omnicare, Inc. -- Moody's Withdraws Ratings on Omnicare

New York, October 16, 2015 -- Moody's Investors Service today withdrew all ratings on Omnicare Inc. and related entities ("Omnicare") following completion of its acquisition by CVS Health (Baa1 stable) on August 18, 2015 for approximately $12.7 billion. The vast majority of the Omnicare debt has either been exchanged for CVS debt or converted into cash. Of the $2.3 billion of rated Omnicare debt, only $28.6 million remains outstanding. CVS Health will not provide formal guarantees to this remaining portion of Omnicare debt, nor will it provide stand-alone financial statements for Omnicare going forward. As a result, Moody's withdrew all ratings of Omnicare due either to repayment or to lack of sufficient financial information.

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