PHARMACEUTICALS

Pharmacy Deals Announced: Vitalink Pharmacy Services Inc. said it will acquire TeamCare, GranCare Inc.’s institutional pharmacy business, in a $370-million deal that would create a giant provider of drugs to the nursing-home industry. Naperville, Ill.-based Vitalink is an 82%-owned unit of Manor Care Inc., which owns 180 nursing homes in the U.S. The transaction has been approved by the companies’ boards but is subject to a vote of GranCare stockholders. In an unrelated deal, Cincinnati-based Omnicare Inc. said it acquired the long-term-care pharmacy business of Twinsburg, Ohio-based Revco, the nation’s second-largest retail drug chain. Financial terms were not disclosed.