Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: | | |
Rob Seim | | Omnicell, Inc. |
Chief Financial Officer | | 1201 Charleston Road |
800-850-6664, ext. 6478 | | Mountain View, CA 94043 |
robs@omnicell.com | | |
Omnicell Announces Completion of its
Common Stock Repurchase Plan
MOUNTAIN VIEW, Calif. — March 12, 2008 -- Omnicell, Inc. (NASDAQ: OMCL), a leading provider of system solutions to acute healthcare facilities, announced today that it has completed its $40.0 million program to repurchase shares of its Common Stock. A total of 2,133,898 shares were repurchased at an average price of $18.75.
About Omnicell
Omnicell, Inc. (NASDAQ: OMCL) is a leading provider of systems and software solutions targeting patient safety and operational efficiency in healthcare facilities. Since 1992, Omnicell has worked to enhance patient safety and allow clinicians to spend more time with their patients.
Omnicell’s medication-use product line includes solutions for the central pharmacy, nursing unit, operating room, and patient bedside. Solutions range from large central pharmacy “smart inventory” carousels to small handheld devices. From the point at which a medication arrives at the receiving dock to the time it is administered, Omnicell systems store it, package it, bar code it, order it, issue it, and provide information and controls on its use and reorder.
Omnicell’s supply product lines provide a healthcare institution with fast, effective control of costs, capture of charges for payer reimbursement, and timely reorder of supplies. Products range from high-security closed-cabinet systems and software to open-shelf and combination solutions in the nursing unit, cath lab and operating room.
Omnicell’s mission is to provide the best customer experience in healthcare, helping hospitals reduce medication errors, operate more efficiently, and decrease costs. For more information, visit www.omnicell.com.
