M&A Deal Summary

McKesson Acquires US Oncology

On December 30, 2010, McKesson acquired healthcare services company US Oncology from Welsh Carson Anderson & Stowe for 2.2B USD

Acquisition Highlights
  • This is McKesson’s 5th transaction in the Healthcare Services sector.
  • This is McKesson’s 4th largest (disclosed) transaction.
  • This is McKesson’s 21st transaction in the United States.
  • This is McKesson’s 2nd transaction in Texas.

M&A Deal Summary

Date 2010-12-30
Target US Oncology
Sector Healthcare Services
Buyer(s) McKesson
Sellers(s) Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition
Deal Value 2.2B USD
Advisor(s) Morgan Stanley (Financial)
Ropes & Gray (Legal)

Target

US Oncology

The Woodlands, Texas, United States
US Oncology, Inc. provides practice management services, such as accounting, billing and collection, personnel management, payroll, benefits administration, risk management, compliance, physician recruiting, data management, information systems, and capital allocation.

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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 24 of 51
Sector (Healthcare Services) 5 of 13
Type (Add-on Acquisition) 23 of 41
State (Texas) 2 of 2
Country (United States) 21 of 36
Year (2010) 1 of 1
Size (of disclosed) 4 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-08 McKesson Asia Pacific

Australia

McKesson Asia Pacific is a provider of phone- and web-based healthcare services, including telephone triage, health and wellness advice, chronic disease management and mental health services in Australia and New Zealand.

Sell -
FOLLOWING 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 -

Seller(S) 1

SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 35 of 75
Sector (Healthcare Services) 13 of 25
Type (Add-on Acquisition) 22 of 44
State (Texas) 4 of 6
Country (United States) 34 of 72
Year (2010) 11 of 11
Size (of disclosed) 4 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-21 Concentra

Addison, Texas, United States

Concentra is a healthcare company that offers occupational medicine, urgent care, physical therapy, and wellness services to workers and the public through more than 320 Concentra Medical Centers locations in 40 states. Concentra was formed in 1997 and is based in Addison, Texas.

Sell $790M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-25 Oxford Finance

Alexandria, Virginia, United States

Oxford Finance is a lending institution with a long history of providing capital exclusively to life sciences and healthcare services companies throughout the world. We have a valued reputation for fairness and flexibility and have achieved success by building solid relationships with our many clients.

Buy -