M&A Deal Summary

McKesson Acquires Hawk Medical Supply

On August 3, 1998, McKesson acquired medical products company Hawk Medical Supply from Welsh Carson Anderson & Stowe

Acquisition Highlights
  • This is McKesson’s 2nd transaction in the Medical Products sector.
  • This is McKesson’s 4th transaction in the United States.
  • This is McKesson’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 1998-08-03
Target Hawk Medical Supply
Sector Medical Products
Buyer(s) McKesson
Sellers(s) Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition

Target

Hawk Medical Supply

Pittsburgh, Pennsylvania, United States
Hawk Medical Supply, Inc. is a distributor of medical-surgical supplies in US. It provides group contracts with manufacturers for high-quality medical-surgical supplies, pharmaceuticals, medical equipment and office supplies. It thereby eliminates the costly and time-consuming tasks of maintaining various vendor relationships, executing multiple purchase orders and paying multiple invoices.

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Buyer(S) 1

Buyer

McKesson

Irving, Texas, United States

website

Category Company
Founded 1833
Sector Information Technology
Employees58,000
Revenue 264.0B USD (2022)
DESCRIPTION
McKesson office in The Woodlands, Texas.
McKesson office in The Woodlands, Texas.

McKesson is a health care services and information technology company. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, health care information technology, and business and clinical services. McKesson was founded in 1833 and is based in Irving, Texas.

DEAL STATS #
Overall 4 of 51
Sector (Medical Products) 2 of 8
Type (Add-on Acquisition) 4 of 41
State (Pennsylvania) 2 of 7
Country (United States) 4 of 36
Year (1998) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-04-02 Millbrook Distribution Services

New York, New York, United States

Millbrook Distribution Services is a value added service merchandising companies, distributing health and beauty care items, general merchandise, and specialty and natural food products to more than 13,000 retail outlets in 42 states.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-19 HBO

Atlanta, Georgia, United States

HBO & Co is a Atlanta-based medical software provider.

Buy $14.1B

Seller(S) 1

SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1979
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.

DEAL STATS #
Overall 5 of 73
Sector (Medical Products) 1 of 6
Type (Add-on Acquisition) 2 of 43
State (Pennsylvania) 2 of 5
Country (United States) 5 of 70
Year (1998) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-31 MedCath

Charlotte, North Carolina, United States

MedCath Corp. is a developer, owner and operator of hospitals in partnership with cardiologists and cardiovascular surgeons.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-22 Cohesive Network Systems

Baton Rouge, Louisiana, United States

Cohesive is a leading information technology consulting organization with headquarters in Palo Alto, CA. The privately held company serves its clients from regional divisions in Boston, Chicago, the Gulf Coast, London, New York, and San Francisco/Silicon Valley.

Buy -
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