M&A Deal Summary

McKesson Acquires MED3OOO

On October 1, 2012, McKesson acquired information technology company MED3OOO from Lovett Miller and Mitsui & Co

Acquisition Highlights
  • This is McKesson’s 8th transaction in the Information Technology sector.
  • This is McKesson’s 28th transaction in the United States.
  • This is McKesson’s 6th transaction in Pennsylvania.

M&A Deal Summary
Date 2012-10-01
Target MED3OOO
Sector Information Technology
Buyer(s) McKesson
Sellers(s) Lovett Miller
Mitsui & Co
Deal Type Add-on Acquisition

Target

MED3OOO

Pittsburgh, Pennsylvania, United States
MED3000, Inc. provides healthcare management, operations, and information technology services for physicians, hospitals, employers, government, and payer clients in the United States.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

McKesson

Irving, Texas, United States
Category Company
Founded 1833
Sector Information Technology
Employees45,000
Revenue 309.0B USD (2024)
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 34 of 51
Sector (Information Technology) 8 of 8
Type (Add-on Acquisition) 30 of 41
State (Pennsylvania) 6 of 7
Country (United States) 28 of 36
Year (2012) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 MED3000

Pittsburgh, Pennsylvania, United States

MED3000, Inc. is a provider of healthcare management, operations, and information technology services for physicians, hospitals, employers, government, and payer clients in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-06 Emendo

Christchurch, New Zealand

Emendo’s CapPlan solution enables over 40 hospitals throughout New Zealand, Australia, Canada and the UK to forecast patient demand and plan resourcing. Emendo’s customers report operational efficiencies as well as significant savings ranging from hundreds of thousands to millions of dollars per year.

Buy -

Seller(S) 2

SELLER

Lovett Miller

Neptune Beach, Florida, United States

Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 175M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lovett Miller & Co. is a private equity firm that provides growth and shareholder liquidity capital to high-growth privately held companies located in the Southeast US and Texas. Lovett Miller looks for businesses generating sales of $1 to $50 million and can commit up to $15 million per transaction. Areas of interest include technology products and services, healthcare services and devices, business services, consumer and retail, and financial services. The Firm prefers minority positions. Lovett Miller is based in Jacksonville, Florida with an additional office in Tampa.

DEAL STATS #
Overall 13 of 17
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 9 of 12
State (Pennsylvania) 2 of 2
Country (United States) 13 of 17
Year (2012) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-03 EverBank

Jacksonville, Florida, United States

EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-26 Telovations

Tampa, Florida, United States

Telovations is an innovative Hosted PBX Solutions and Managed SIP Trunking provider that delivers telecommunications services that improve your business phone service. Unlike other Hosted PBX Providers, Telovations helps you make money, save money and create efficiencies. We provide the reliable telecommunications service your business needs, offering a cost effective, outsourced, hosted communications solution.

Sell -
SELLER

Mitsui & Co

Tokyo, Japan
Category Company
Founded 1947
Sector Diversified
Employees53,602
Revenue 13.32T JPY (2024)
DESCRIPTION

Mitsui & Co engages in the export, import, wholesale, and retail of steel products; steel processing; mining and sale of iron ores; and sale and trading of ferrous scrap and alloy products and chemicals, energy, food, food & retail management, healthcare & service, consumer business, IT & communication business, corporate development business. Mitsui & Co was founded in 1947 and is based in Tokyo, Japan.

DEAL STATS #
Overall 4 of 14
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 8
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-09 CornerStone Research & Development

Ogden, Utah, United States

CornerStone Research & Development is a “pure-play” nutritional supplement manufacturer in the U.S. and develops, produces, and packages more than 500 different capsule, tablet, and specialty powder products for its customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-18 SunWize Technologies

San Jose, California, United States

SunWize finances and builds sustainable energy systems for the public, private and residential sectors.

Sell -
Mergr

Product

Company

Legal