Omnicare is the US' largest institutional pharmacy services provider, dispensing drugs to nursing homes, assisted-living centers, and other long-term care (LTC) facilities in the US and parts of Canada. In addition, it provides clinical and financial software, consulting, and billing services to LTC facilities, as well as infusion, respiratory, and chronic disease therapy products and services for nursing home residents and hospice patients. It also provides some services to drugmakers. In a major transaction within the pharmaceutical sector, CVS Health bought the company in a $12.7 billion deal in mid-2015.