por
Brendon Nafziger, DOTmed News Associate Editor | November 01, 2010
McKesson Corp., a health IT powerhouse and the nation's biggest drug distributor, said Monday it would buy closely held oncology-services company U.S. Oncology for a cash deal valued at $2.16 billion.
The deal, with a targeted closing date of Dec. 31, includes the assumption of Woodlands, Texas-based U.S. Oncology's outstanding debt.
By scooping up U.S. Oncology from its owners, New York private equity firm Welsh Carson Anderson & Stowe, McKesson hopes to expand its cancer range. The company currently works with 1,000 oncologists, providing service to 17 percent of all U.S. cancer patients, according to BusinessWeek. The combined company will include 3,000 oncologists, the paper said.
Ad Statistics
Times Displayed: 7647
Times Visited: 24 Brand-New FDA-cleared Advanced Ultrasound Medical Device available for sale or lease to Wound Care Centers or any other Medical Facilities.The Arobella 1000D is designed for non-contact or debridement ultrasound wound healing therapy, or any other wounds
San Francisco-based McKesson rose 2.36 percent in morning trading to reach $67.54 per share, a three-month high.
