McKesson - M&A Summary and Business Overview

Information TechnologyCompany

McKesson M&A Summary

McKesson has acquired 53 companies, including 2 in the last 5 years. A total of 15 acquisitions came from private equity firms. It has also divested 17 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 22 different US states, and 8 countries. The Company’s most targeted sectors include healthcare services (28%) and software (20%).

McKesson Business Overview

Where is McKesson headquartered?

McKesson is headquartered in Irving, Texas.

What is McKesson’s revenue?

McKesson disclosed revenue of 263,966M USD for 2022 and 238,228M USD for 2021.

How many employees does McKesson have?

McKesson has 58,000 employees.

What sector is McKesson in?

McKesson is an information technology company.

When was McKesson founded?

McKesson was founded in 1833.

M&A Summary

  • M&A Total Activity68
    • M&A Buy Activity51
    • M&A Sell Activity17
  • Total Sectors Invested 10
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 33
  • M&A Advisors 5

McKesson

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 50 - - 1 - - 51
vol $35.2B $875M $36.1B
Sell (0.6/yr) # 14 - 3 - - - 17
vol $4.9B $734M $5.6B
  68

Most Recent M&A

Company Date Value Type
Rx Savings Solutions 2022-09-19 875M USD Add-on Acquisition
Overland Park, Kansas · www.rxss.com
McKesson - Austrian Businesses 2021-12-20 - Divestiture
, Austria
McKesson - UK Businesses 2021-11-01 734M GBP Divestiture
, United Kingdom
McKesson Corp. - Certain European Businesses 2021-07-07 - Divestiture
, France
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
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

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 14 (27%) 5.5B (15%) 4 (24%) 5.1B (91%)
Information Technology 8 (16%) 1.9B (5%) 6 (35%) 185M (3%)
Software 10 (20%) 16.9B (47%) 1 (6%) -
Medical Products 8 (16%) 2.7B (8%) 2 (12%) 165M (3%)
Distribution 5 (10%) 765M (2%) 1 (6%) -
Retail 2 (4%) 8.3B (23%) - -
Communications 1 (2%) - - -
E-Commerce 1 (2%) - - -
Insurance 1 (2%) - - -
Technology Hardware 1 (2%) - - -
Business Services - - 1 (6%) -
Internet Software and Services - - 1 (6%) -
Safety/Security - - 1 (6%) 130M (2%)
Total 51 $36.1B 17 $5.6B

By Geo

State/Country Buy Value Sell Value
United States 36 25.1B 10 4.9B
  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
  Tennessee 1 - - -
  Ohio 1 1.4B - -
  North Carolina 1 - - -
  New Jersey 1 - - -
  Montana 1 190M - -
  Missouri 1 - - -
  Michigan 1 - - -
  Kansas 1 875M - -
  Illinois 1 - - -
  Alabama 1 - - -
  Washington 1 - - -
  Virginia 1 340M - -
  New York - - 1 -
  Colorado - - 1 -
Canada 7 2.6B - -
  Ontario 3 - - -
  Quebec 1 - - -
  British Columbia 1 340M - -
  Alberta 1 - - -
United Kingdom 2 - 2 734M
France - - 2 -
Israel 2 105M - -
Australia - - 1 -
Austria - - 1 -
Belgium 1 - - -
Germany 1 8.3B - -
Ireland 1 - - -
Netherlands - - 1 -
New Zealand 1 - - -
Domestic 36 (71%) 25.1B (69%) 10 (59%) 4.9B (87%)
Cross-border 15 (29%) 11.0B (31%) 7 (41%) 734M (13%)
Total 51 $36.1B 17 $5.6B

Top M&A Advisors

Financial Deals
Goldman Sachs
1
J.P. Morgan Securities
1
Solomon Partners
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
1
Simpson Thacher & Bartlett
1

Deal Values

buy # Total
> $1B 7 $32.1B
$100M to $1B 8 $3.8B
< $100M 3 $195M
TOTAL $36.1B
Largest HBO & Co.
$14.1B (1998-10-19)
sell # Total
> $1B 1 $4.4B
$100M to $1B 4 $1.2B
TOTAL $5.6B
Largest PCS Health Systems Inc.
$4.4B (1994-07-12)

M&A Connections

Deals
Acquired from
Investor(s)
25%
13 (25%)
Strategic(s)
22%
11 (22%)
Divested to
Investor(s)
35%
6 (35%)
Strategic(s)
65%
11 (65%)

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