M&A Deal Summary

McKesson Acquires RxCrossroads

On November 6, 2017, McKesson acquired healthcare services company RxCrossroads from CVS Health for 735M USD

Acquisition Highlights
  • This is McKesson’s 13th transaction in the Healthcare Services sector.
  • This is McKesson’s 9th largest (disclosed) transaction.
  • This is McKesson’s 34th transaction in the United States.
  • This is McKesson’s 2nd transaction in Kentucky.

M&A Deal Summary

Date 2017-11-06
Target RxCrossroads
Sector Healthcare Services
Buyer(s) McKesson
Sellers(s) CVS Health
Deal Type Divestiture
Deal Value 735M USD

Target

RxCrossroads

Louisville, Kentucky, United States
RXC Acquisition Co. is a provider of service programs encompassing reimbursement support, integration with network pharmacies, patient adherence programs, specialty logistics services, sales operations support and mail-order pharmacy services to pharmaceutical, biotechnology and medical device manufacturers.

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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 48 of 51
Sector (Healthcare Services) 13 of 13
Type (Divestiture) 10 of 10
State (Kentucky) 2 of 2
Country (United States) 34 of 36
Year (2017) 3 of 4
Size (of disclosed) 9 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 McKesson - Enterprise Information Solutions Business

San Francisco, California, United States

McKesson Corp. - Enterprise Information Solutions Business includes a robust set of clinical and financial solutions supporting the full scope of care delivery processes — including Paragon (EHR solution); STAR and HealthQuest (Revenue Cycle solutions); Lab Analytics and Blood Bank; and OneContent (Content Management solutions).

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-04 Well.ca

Toronto, Ontario, Canada

Well.ca is an online destination for health, wellness, natural, and baby products. Well.ca was formed in 2008 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

CVS Health

Woonsocket, Rhode Island, United States

Category Company
Founded 1996
Sector Healthcare Services
Employees219,000
Revenue 357.8B USD (2023)
DESCRIPTION
CVS Health office in Buffalo Grove, Illinois.
CVS Health office in Buffalo Grove, Illinois.

CVS Health operates retail pharmacies, and walk-in medical clinics, and is a pharmacy benefits manager. The Company enables people, businesses, and communities to manage health in a variety of ways. CVS Health advises patients on medications at CVS/pharmacy locations, helps clients control costs at CVS/caremark, and delivers care through CVS/specialty and CVS/minuteclinic. CVS Health was founded in 1996 and is based in Woonsocket, Rhode Island.


DEAL STATS #
Overall 3 of 5
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 3 of 5
State (Kentucky) 1 of 1
Country (United States) 3 of 5
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-18 Omnicare

Cincinnati, Ohio, United States

Omnicare, Inc. is a provider of professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other institutional healthcare providers as well as for hospice patients in homecare and other settings.

Buy $12.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Geneva Woods

Anchorage, Arkansas, United States

Geneva Woods is an institutional and retail pharmacy and provider of specialty infusion services (home infusion, ambulatory suites, and managed office infusion centers), in Alaska, Washington, Oregon, Idaho, and Wyoming, among others. Geneva Woods was founded in 1977 and is based in Anchorage, Arkansas.

Buy -