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  6. McKesson Acquires Portico Systems

M&A Deal Summary

McKesson Acquires Portico Systems

On June 22, 2011, McKesson acquired software company Portico Systems from Safeguard for 90M USD

Acquisition Highlights
  • This is McKesson’s 7th transaction in the Software sector.
  • This is McKesson’s 16th largest (disclosed) transaction.
  • This is McKesson’s 22nd transaction in the United States.
  • This is McKesson’s 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2011-06-22
Target Portico Systems
Sector Software
Buyer(s) McKesson
Sellers(s) Safeguard
Deal Type Divestiture
Deal Value 90M USD

Target

Portico Systems

Blue Bell, Pennsylvania, United States
Portico Systems, Inc. offers health plans enterprise-class software solutions built exclusively to support end-to-end Provider Network Operations. Since 1997, Portico™ Systems has been enabling payers to streamline their provider business processes. Portico™ Systems leverages a unique blend of healthcare operations experience, payer/provider relationship expertise and technology skills to build holistic solutions.

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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 that 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 26 of 52
Sector: Software M&A 7 of 10
Type: Divestiture M&A Deals 2 of 10
State: Pennsylvania M&A 3 of 7
Country: United States M&A 22 of 37
Year: 2011 M&A 2 of 2
Size (of disclosed) 16 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-09 System C Healthcare

Maidstone, United Kingdom

System C Healthcare plc is a health and social care software supplier. The company's products include the Medway electronic patient record and associated products, CarePlus Child Health and the Liquidlogic range of social care software. System C was formed in 1983 and is based in Maidstone, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-08 peerVue

Sarasota, Florida, United States

peerVue, Inc.been redefining the healthcare IT market with workflow and communication solutions that enable organizations to improve patient care and safety, while reducing risk and simplifying process.

Buy -

Seller(S) 1

SELLER

Safeguard

Radnor, Pennsylvania, United States
Category Company
Sector Financial Services
Employees30
Revenue 6M USD (2023)
DESCRIPTION

Safeguard is a provider of capital and operational expertise to emerging and growth-stage healthcare and technology enterprises that are developing innovative products and services.

DEAL STATS #
Overall 3 of 9
Sector: Software M&A 1 of 2
Type: Divestiture M&A Deals 2 of 6
State: Pennsylvania M&A 2 of 3
Country: United States M&A 3 of 9
Year: 2011 M&A 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-16 ThingWorx

Exton, Pennsylvania, United States

ThingWorx is a provider of platform for building and running applications for the Internet of Things (IoT). ThingWorx was formed in 2009 and is based in Exton,19341, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-28 Shire Regenerative Medicine

Westport, Connecticut, United States

Shire Regenerative Medicine, Inc. is a regenerative medicine company that develops, manufactures and commercializes living cell-based therapies for regenerative medicine.

Sell $750M
Mergr

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