M&A Deal Summary

PHOENIX Pharmahandel & Co KG Acquires McKesson - Certain European Businesses

On July 7, 2021, PHOENIX Pharmahandel & Co KG acquired healthcare services company McKesson - Certain European Businesses from McKesson

Acquisition Highlights
  • This is PHOENIX Pharmahandel & Co KG’s 1st transaction in the Healthcare Services sector.
  • This is PHOENIX Pharmahandel & Co KG’s 1st transaction in France.

M&A Deal Summary

Date 2021-07-07
Target McKesson - Certain European Businesses
Sector Healthcare Services
Buyer(s) PHOENIX Pharmahandel & Co KG
Sellers(s) McKesson
Deal Type Divestiture

Target

McKesson - Certain European Businesses

France
McKesson Corp's Certain European Businesses provides health care services in France, Italy, Ireland, Portugal, Belgium, and Slovenia.

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Buyer(S) 1

Buyer

PHOENIX Pharmahandel & Co KG

Mannheim, Germany

Category Company
Founded 1994
Sector Life Science
Employees34,000
DESCRIPTION

PHOENIX Pharmahandel GmbH & Co KG is a pharmaceutical trader in Europe, reliably supplying people with drugs and medical products every day. The PHOENIX group core business with its unique level of geographical coverage in Europe. In a total of 26 countries, company supply pharmacies, doctors, and medical institutions with drugs and health products from more than 152 distribution centres.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: France M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-05 Imgroma BV

Belgium

Imgroma BV is a distributor of medical products Roter, the market leader in Vitamine C in the Netherlands. Roter is an excellent fit with Vemedia’s existing vitamine brand Dagravit. Imgroma is also the distributor of Avent (Philips), Jaico (mosquito milk), Mycosan (nail care), Tiger Balm, Lactona (mouth care), Millium (anti-lice shampoo) etc.

Sell -

Seller(S) 1

SELLER

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 15 of 19
Sector: Healthcare Services M&A 3 of 4
Type: Divestiture M&A Deals 15 of 19
Country: France M&A 2 of 2
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-22 McKesson - Patient Care Solutions Business

Moon Township, Pennsylvania, United States

McKesson's Patient Care Solutions Business provides wound care supplies, ostomy supplies, urological supplies, incontinence supplies, diabetic care supplies, and breast pumps directly to patients across the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 McKesson - UK Businesses

United Kingdom

McKesson's UK Businesses is a fully integrated healthcare provider, across retail, wholesale, homecare, and digital platforms. It comprises lloyds pharmacy as well as wholesale pharmaceuticals distributor, AAH Pharmaceuticals. The business has over 18,000 employees, including pharmacists, nurses, logistics operatives as well as store, warehouse, and administration personnel.

Sell £477M