M&A Deal Summary

McKesson Acquires RelayHealth

On June 12, 2006, McKesson acquired communications company RelayHealth from CCP Equity Partners

Acquisition Highlights
  • This is McKesson’s 1st transaction in the Communications sector.
  • This is McKesson’s 12th transaction in the United States.
  • This is McKesson’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2006-06-12
Target RelayHealth
Sector Communications
Buyer(s) McKesson
Sellers(s) CCP Equity Partners
Deal Type Add-on Acquisition

Target

RelayHealth

Atlanta, Georgia, United States
RelayHealth Corporation is the premier provider of secure online healthcare communication services linking patients, healthcare professionals, payors, and pharmacies. RelayHealth's Internet-based, doctor-patient communication platform connects doctors and their patients efficiently, affordably, and securely. Tuned for both the small and large group practice environment, the RelayHealth® service improves and streamlines healthcare delivery and access through modular features, including the webVisit®.

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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. 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 14 of 51
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 14 of 41
State (Georgia) 2 of 4
Country (United States) 12 of 36
Year (2006) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-25 HealthCom Partners

Mt. Prospect, Illinois, United States

HealthCom Partners LLC is a provider of patient billing solutions designed to simplify and enhance healthcare provider financial interactions with their patients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-23 McKesson - Automated Prescription Systems Business

San Francisco, California, United States

McKesson Corp. - Automated Prescription Systems Business is a provider of IT solutions and services.

Sell -

Seller(S) 1

SELLER

CCP Equity Partners

Hartford, Connecticut, United States

Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CCP Equity Partners LLC (Formerly Conning Capital Partners) is a private equity firm that looks to invest in growth companies operating in the healthcare and financial services sectors. CCP looks to invest $5 to $20 million in North American based companies with revenues between $5 and $100 million. Target companies should have 'exceptional' growth potential, be at or near profitability, and have clear/sustainable competitive advantages. CCP Equity Partners was established in 1985 and is based in Hartford, Connecticut.


DEAL STATS #
Overall 14 of 25
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 7 of 17
State (Georgia) 3 of 3
Country (United States) 11 of 22
Year (2006) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-03 Prism Career Institute

Cherry Hill, New Jersey, United States

Prism Education Group, Inc. is a post-secondary career education company that operates four schools that offer diploma and specialized associates level programs with an emphasis on allied health, nursing, and specialized business education in the Northeastern U.S. Prism Career Institute was formed in 2003 and is based in Cherry Hill, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-05 Princeton eCom

Chantilly, Virginia, United States

Princeton eCom Corp is a provider of electronic payment solutions to more than 1,400 financial institutions and 1,600 corporate billers. Its integrated suite of payment solutions bridges the CSP and BSP markets, providing electronic payment consolidation, convenience payments and bill presentment services.

Sell $180M