McKesson Mergers and Acquisitions Summary

Information Technology Company

McKesson has acquired 51 companies, including 13 in the last 5 years. A total of 13 acquisitions came from private equity firms. It has also divested 13 assets.

McKesson’s largest acquisition to date was in 1998, when it acquired HBO for $14.1B. It’s largest disclosed sale occurred in 1994, when it sold PCS Health Systems to Eli Lilly for $4.4B. McKesson has acquired in 21 different US states, and 8 countries. The Company’s most targeted sectors include healthcare services (28%) and software (20%).

Join Mergr and gain access to McKesson’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the information technology sector.

M&A Summary

  • M&A Total Activity63
    • M&A Buy Activity50
    • M&A Sell Activity13
  • Total Sectors Invested 10
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 29
  • M&A Advisors 5

McKesson Corp.

6555 State Highway 161,
Irving, Texas 75039
United States,
(972) 446-4800
www.mckesson.com

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.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (1.8/yr) # 41 4 4 1 - - 50
vol $30.8B $2.3B $2.1B $35.2B
Sell (0.6/yr) # 10 1 1 - 1 - 13
vol $4.5B $185M $4.7B
  63

Most Recent M&A

Company Date Value Type
McKesson Corp. - Patient Care Solutions Business 2019-11-22 - Divestiture
Moon Township, Pennsylvania
Medical Specialties Distributors LLC 2018-04-25 - Add-on Acquisition
Stoughton, Massachusetts · www.msdonline.com
Well.ca 2017-12-04 - Add-on Acquisition
Toronto, Ontario · www.well.ca
RXC Acquisition Co. 2017-11-06 735M USD Divestiture
Louisville, Kentucky · www.rxcrossroads.com
McKesson Corp. - Enterprise Information Solutions Business 2017-08-03 185M USD Divestiture
San Francisco, California
GMD Distribution, Inc. 2017-04-03 - Add-on Acquisition
Oakville, Ontario · www.gmdpharma.ca
CoverMyMeds LLC 2017-01-26 1.4B USD Add-on Acquisition
Twinsburg, Ohio · www.covermymeds.com
HealthQx LLC 2016-07-12 - Add-on Acquisition
King of Prussia, Pennsylvania · www.healthqx.com
Laboratory Supply Co., Inc. 2016-05-24 - Add-on Acquisition
Louisville, Kentucky · www.labsco.com
McKesson - Software Assets 2016-04-01 - Divestiture
, United States
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Celesio AG 2013-10-23 Bupa Home Healthcare Ltd. 2016-07-01 2
Stuttgart, Germany · www.celesio.com Harlow, United Kingdom
McKesson Specialty Health    - Vantage Oncology, Inc. 2016-02-25 2
Scottsdale, Arizona Mahattan Beach, California · www.vantageoncology.com
Celesio AG 2013-10-23 Panpharma Participacoes S.A. 2016-02-01 2
Stuttgart, Germany · www.celesio.com Goiânia, Brazil
Celesio AG 2013-10-23 Oncoprod 2016-02-01 1
Stuttgart, Germany · www.celesio.com Sao Paulo, Brazil
McKesson Specialty Health    - Oncology Rehab Partners LLC 2014-04-01 1
Scottsdale, Arizona Northborough, Massachusetts · www.oncologyrehabpartners.com
Celesio AG 2013-10-23 GesuCon GmbH 2013-12-12 1
Stuttgart, Germany · www.celesio.com Wismar, Germany · www.gesucon.com
RelayHealth Corp. 2006-06-12 Ahi Software, Inc. 2012-12-12 2
Atlanta, Georgia · www.relayhealth.com Miami Lakes, Florida · www.ahisoftware.com
RelayHealth Corp. 2006-06-12 HTP, Inc. 2008-05-02 1
Atlanta, Georgia · www.relayhealth.com Columbus, Ohio
McKesson Medical-Surgical, Inc.    - Acute-Care Distribution Business 2007-03-28 1
Richmond, Virginia · www.mckesson.com/about-mckesson/our-company/businesses/mckesson-medical-surgical/about-mckesson-medi , United States
HBO & Co. 1998-10-19 IMNET Systems, Inc. 1998-10-30 1
Atlanta, Georgia Alpharetta, Georgia

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 14 (28%) 5.5B (16%) 2 (15%) 4.4B (93%)
Software 10 (20%) 16.0B (46%) 2 (15%) -
Information Technology 7 (14%) 1.9B (5%) 5 (38%) 185M (4%)
Medical Products 8 (16%) 2.7B (8%) 1 (8%) -
Distribution 5 (10%) 765M (2%) 1 (8%) -
Retail 2 (4%) 8.3B (24%) - -
Communications 1 (2%) - - -
E-Commerce 1 (2%) - - -
Insurance 1 (2%) - - -
Technology Hardware 1 (2%) - - -
Internet Software and Services - - 1 (8%) -
Safety/Security - - 1 (8%) 130M (3%)
Total 50 $35.2B 13 $4.7B

By Geo

State/Country Buy Value Sell Value
United States 35 24.2B 9 4.7B
  Pennsylvania 7 155M 2 -
  Georgia 4 15.9B - -
  California 1 575M 3 315M
  Massachusetts 2 - - -
  Kentucky 2 735M - -
  Florida 2 2.1B - -
  Connecticut 2 40M - -
  Texas 2 2.8B - -
  Arizona 1 - 1 4.4B
  Ohio 1 1.4B - -
  North Carolina 1 - - -
  New Jersey 1 - - -
  Montana 1 190M - -
  Missouri 1 - - -
  Michigan 1 - - -
  Illinois 1 - - -
  Alabama 1 - - -
  Washington 1 - - -
  Virginia 1 340M - -
  Tennessee 1 - - -
  New York - - 1 -
  Colorado - - 1 -
Canada 7 2.6B - -
  Ontario 3 - - -
  Quebec 1 - - -
  British Columbia 1 340M - -
  Alberta 1 - - -
United Kingdom 2 - 1 -
Israel 2 105M - -
Australia - - 1 -
Belgium 1 - - -
France - - 1 -
Germany 1 8.3B - -
Ireland 1 - - -
Netherlands - - 1 -
New Zealand 1 - - -
Domestic 35 (70%) 24.2B (69%) 9 (69%) 4.7B (100%)
Cross-border 15 (30%) 11.0B (31%) 4 (31%) -
Total 50 $35.2B 13 $4.7B

Top M&A Advisors

Financial Deals
Peter J. Solomon Co.
1
Goldman Sachs Investment Banking Division
1
J.P. Morgan Securities LLC
1
Legal Deals
Simpson Thacher & Bartlett LLP
1
Skadden, Arps, Slate, Meagher & Flom LLP
1

Deal Values

buy # Total
> $1B 7 $32.1B
$100M to $1B 7 $2.9B
< $100M 3 $195M
TOTAL $35.2B
Largest HBO & Co.
$14.1B (1998-10-19)
sell # Total
> $1B 1 $4.4B
$100M to $1B 2 $315M
TOTAL $4.7B
Largest PCS Health Systems Inc.
$4.4B (1994-07-12)

M&A Connections

Deals %
Acquired from
PE Firm(s)
54%
13 54%
Strategic(s)
46%
11 46%
Divested to
PE Firm(s)
38%
5 38%
Strategic(s)
62%
8 62%

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