McKesson to buy PSS World Medical
By HME News Staff
Updated Thu October 25, 2012
SAN FRANCISCO - The McKesson Corporation, a healthcare services and information technology company, agreed on Thursday to buy Jacksonville, Fla.-based PSS World Medical, for $1.46 billion, according to multiple reports. McKesson is offering shareholders of PSS World Medical, a medical products and services company, $29 in cash per share, 34% above its closing share price on Wednesday. With the assumption of debt, the deal is valued at $2.1 billion. McKesson said it would combine its own medical surgical business with the operations of PSS to offer medical supplies and services to health care professionals. The acquisition is McKesson's biggest since November 2010, when it agreed to acquire US Oncology for $2.16 billion, including debt.
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