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Omnicell Inc. (OMCL) is a pioneering company that has been enhancing efficiencies in healthcare since 1992. As a leading supplier of comprehensive automation and business analytics software, Omnicell focuses on patient-centric medication and supply management across the entire healthcare continuum. This includes acute care hospital settings, post-acute skilled nursing and long-term care facilities, as well as home care settings.
Omnicell's automated hardware/software systems for medication dispensing provide seamless solutions from the point of hospital entry to the central pharmacy, nursing units, operating rooms, and patient bedsides. Their supply management systems are designed to promote cost control, ensure charge capture for payer reimbursement, and facilitate efficient inventory management and reordering.
Omnicell's range of products includes high-security, closed-cabinet systems, open-shelf systems, and combination systems that are used in nursing units, cath labs, and operating rooms. These solutions empower pharmacists and nurses to concentrate on patient care rather than administrative tasks, driving improved clinical, operational, and financial outcomes across diverse care settings. With over 3,200 customers worldwide, Omnicell continues to be a trusted partner in the healthcare sector.
In recent years, Omnicell has made significant strides in advancing their technology and expanding their service offerings. Their commitment to innovation is evident in the development of new products and partnerships that aim to further streamline medication management processes. Financially, the company generates the majority of its revenue in the United States, reflecting a strong market presence and consistent performance.
Omnicell (Nasdaq: OMCL), a leading pharmacy care delivery model transformation company, has announced its participation in the Piper Sandler 36th Annual Healthcare Conference. The presentation is scheduled for Tuesday, December 3, 2024, at 2:00 p.m. ET. Both live and archived versions of the presentation will be accessible to interested parties through Omnicell's investor relations website in the events and presentations section.
Omnicell has announced the pricing of $150 million of 1.00% Convertible Senior Notes due 2029. The notes will mature on December 1, 2029, with interest payable semiannually at 1.00% per annum. The initial conversion rate is 17.4662 shares per $1,000 principal amount, equivalent to $57.25 per share. The company expects net proceeds of approximately $144.2 million, which will be used to repurchase $400 million of existing 2025 notes and fund convertible note hedge transactions. The offering includes additional options for purchasers and various hedging arrangements to manage potential dilution.
Omnicell (NASDAQ: OMCL) announces plans to offer $150 million of Convertible Senior Notes due 2029 in a private placement to qualified institutional buyers. The company will grant initial purchasers an option for an additional $22.5 million. The notes will be senior unsecured obligations with semiannual interest payments. Omnicell plans to use the proceeds to fund convertible note hedge transactions and repurchase up to $400 million of its outstanding 0.25% Convertible Senior Notes due 2025.
Omnicell (NASDAQ:OMCL) reported Q3 2024 results with total revenues of $282 million, down 5% year-over-year. GAAP net income was $9 million ($0.19 per diluted share), compared to $6 million ($0.12 per diluted share) in Q3 2023. Non-GAAP net income reached $26 million ($0.56 per diluted share). The company raised its 2024 non-GAAP EBITDA and earnings guidance, expecting full-year revenues between $1.100-1.110 billion and non-GAAP earnings per share of $1.65-1.72.
Omnicell, Inc. (Nasdaq:OMCL), a leader in transforming the pharmacy care delivery model, has announced the release of its third quarter 2024 financial results. The results will be disclosed before market open on Wednesday, October 30, 2024. Following the release, the company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the financial outcomes.
Interested parties can participate in the live call by dialing (800) 715-9871 in the U.S. or (646) 307-1963 for international locations, using the Conference ID 6944646. Additionally, a link to the live and archived webcast will be available on the Investor Relations section of Omnicell's website.
Omnicell, Inc. (Nasdaq: OMCL) has appointed Nnamdi Njoku as Executive Vice President and Chief Operating Officer, effective October 7, 2024. In this newly created role, Njoku will lead the company's global operations, reporting to Randall Lipps, chairman, president, CEO, and founder of Omnicell.
Njoku brings approximately 25 years of experience in leading global operations at healthcare and medical technology organizations. He most recently served as President of Sports Medicine, Surgical, Upper Extremities and Restorative Therapies at Zimmer Biomet Holdings, Inc. Previously, he spent over 18 years at Medtronic plc, where he led a $2 billion Neuromodulation Operating Unit.
Omnicell, a leader in transforming the pharmacy care delivery model, expects Njoku's expertise to help scale pharmacy automation and drive multi-year innovation and excellence.
Omnicell (Nasdaq: OMCL) has unveiled its Central Med Automation Service, a subscription-based solution designed to help health systems optimize centralized medication management. This service integrates enterprise-wide robotics, smart devices, and intelligent software with expert services to streamline medication dispensing from central fulfillment areas throughout health system enterprises.
Key components include the XR2 Automated Central Pharmacy System for advanced medication storage and dispensing, Central Pharmacy Manager software for workflow support, and Inventory Optimization Service for enterprise-wide inventory management. The service also provides ongoing expert guidance, on-site support, and performance tracking to ensure continuous operational optimization.
This solution aims to enhance inventory visibility, scalability, and patient safety while addressing challenges such as drug shortages and staffing issues in pharmacy operations.
Omnicell, a leader in pharmacy care delivery transformation, has announced its participation in the 2024 Wells Fargo Healthcare Conference. The company, trading under the Nasdaq symbol OMCL, will present on Thursday, September 5, 2024, at 1:30 p.m. ET.
This event provides an opportunity for investors and industry professionals to gain insights into Omnicell's strategies and innovations. Both live and archived webcasts of the presentation will be accessible through the company's investor relations website, offering wide-ranging access to interested parties unable to attend in person.
The conference, hosted by Wells Fargo, is a significant platform for healthcare companies to showcase their developments and future plans to the investment community.
EnlivenHealth, a division of Omnicell (OMCL), has launched a new Scope of Practice and Reimbursement Snapshot solution for Good Neighbor Pharmacy members. This innovative tool provides critical information on clinical services and reimbursement tailored to each state, empowering independent pharmacies to expand their clinical offerings and improve patient care.
The solution offers easy access to up-to-date information on approved clinical services, reimbursement activities, and medical billing codes. It aims to simplify the complex landscape of clinical services and billing, potentially driving operational efficiency and revenue growth for pharmacies. Good Neighbor Pharmacy members can access the solution through their AB Solutions Portal.
Omnicell (NASDAQ:OMCL) announced strong Q2 2024 results, exceeding guidance across all metrics. Total revenues were $277 million, down 7% year-over-year. GAAP net income was $0.08 per diluted share, while non-GAAP net income reached $0.51 per diluted share. The company reported $557 million in cash and cash equivalents and $571 million in total debt. Omnicell raised its 2024 non-GAAP EBITDA and earnings per share guidance, projecting full-year revenues between $1.070 billion and $1.110 billion. The company's XT Amplify program is gaining market momentum, and strategic partnerships are enhancing pharmacy performance. Omnicell remains focused on innovation and streamlining operations to drive long-term growth and shareholder returns.
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