COVINGTON, Ky.--(BUSINESS WIRE)--Aug. 1, 2005--Omnicare, Inc. (NYSE:OCR) and its subsidiary NeighborCare, Inc. ("NeighborCare") announced today that NeighborCare commenced a tender offer for cash to purchase any and all of the $250 million outstanding principal amount of its 6.875% Senior Subordinated Notes due 2013 (the "Notes"). In connection with the tender offer, NeighborCare is soliciting consents to effect certain proposed amendments to the indenture governing the Notes. The tender offer and consent solicitation are being made pursuant to an Offer to Purchase and Consent Solicitation Statement dated August 1, 2005, and a related Consent and Letter of Transmittal, which more fully set forth the terms and conditions of the tender offer and consent solicitation.