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Prospectus Page 1
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Filed Pursuant to Rule 424(b)(3)
File Number 333-45825
PROSPECTUS SUPPLEMENT NO. 3
(To Prospectus dated February 13, 1998
and Prospectus Supplement No. 1 dated
February 26, 1998 and Prospectus Supplement
No. 2 dated March 6, 1998)
OMNICARE, INC.
$345,000,000 PRINCIPAL AMOUNT OF 5% CONVERTIBLE
SUBORDINATED DEBENTURES DUE 2007
(Interest payable June 1 and December 1)
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8,976,222 SHARES OF COMMON STOCK
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This Prospectus Supplement supplements the Prospectus dated February
13, 1998 (the "Prospectus") relating to (i) $345,000,000 aggregate principal
amount of 5% Convertible Subordinated Debentures due 2007 (the "Debentures") of
Omnicare, Inc., a Delaware corporation (the "Company"), (ii) 8,712,121 shares of
common stock, par value $1.00 per share (the "Common Stock"), of the Company
which are initially issuable upon conversion of the Debentures plus such
additional indeterminate number of shares of Common Stock as may become issuable
upon conversion of the Debentures as a result of adjustments to the conversion
price (the "Conversion Shares") and (iii) 264,101 additional shares of Common
Stock. The Debentures and the Conversion Shares are being offered for the
account of the holders thereof or by their transferees, pledgees, donees or
successors. The Debentures were initially acquired from the Company by Morgan
Stanley & Co. Incorporated, Credit Suisse First Boston Corporation, Merrill
Lynch, Pierce, Fenner & Smith Incorporated, NationsBanc Montgomery Securities,
Inc., Smith Barney Inc. and William Blair & Company, L.L.C. in December 1997 in
connection with a private offering. This Prospectus Supplement is not complete
without, and may not be delivered or utilized except in connection with, the
Prospectus. Capitalized terms used herein but not defined shall have the meaning
assigned to such terms in the Prospectus.
The Common Stock is traded on the NYSE under the symbol "OCR." On March
30, 1998 the closing price of the Common Stock on the NYSE Composite Tape was
$38.06.
The following table sets forth certain information concerning
Commonwealth Dealers Life Insurance, Deeprock & Co., Merrill Lynch
Insurance Group, Occidental Petroleum Corp., Societe Generale Securities Corp.,
and St. Albans Partners Ltd. (the "Selling Securityholders") who have provided
the Company with notice as of the date of this Prospectus Supplement pursuant
to the Registration Rights Agreement of such Selling Securityholders' intent to
sell or otherwise dispose of Debentures and/or Conversion Shares pursuant to
the Registration Statement. This information supplements the information
contained in the Prospectus under the caption "Selling Securityholders."
Neither the Selling Securityholders nor any of their affiliates have held any
position or office with, been employed by or otherwise have had any material
relationship with, the Company or any of its affiliates during the three years
prior to the date of this Prospectus Supplement. Because the Selling
Securityholders may offer all or some portion of the Debentures and Conversion
Shares, no estimate can be given as to the percentage of Debentures or Common
Stock that will be held by the Selling Securityholders upon termination of
sales pursuant to this Prospectus Supplement.
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Prospectus Page 2
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<TABLE>
<CAPTION>
Principal Amount Percentage of Debentures Percentage of Common
of Debentures Outstanding Beneficially Conversion Shares Stock Beneficially
Name that May be Sold Owned Before Offering That May Be Sold** Owned Before Offering
---- ---------------- --------------------- ------------------ ---------------------
<S> <C> <C> <C> <C>
Commonwealth Dealers $ 70,000 * 1,767 *
Life Insurance
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Deeprock & Co. 1,000,000 * 25,252 *
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Merrill Lynch Insurance 200,000 * 5,050 *
Group
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Occidental Petroleum 30,000 * 757 *
Corp.
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Societe Generale Securities 8,000,000 2.32% 202,020 *
Corp.
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St. Albans Partners Ltd. 250,000 * 6,313 *
<FN>
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* Less than 1%.
** Assumes conversion of full amount of Debentures held by such holder at the initial rate of $39.60 in principal amount
of Debentures per share of Common Stock.
</TABLE>
The date of this Prospectus Supplement is April 1, 1998
