Healthcare // Analytics
News
11/2/2010
12:41 PM
Connect Directly
RSS
E-Mail
50%
50%

McKesson To Buy U.S. Oncology For $2.16 Billion

Combined company will deliver technology, business, and distribution services to community cancer practices, one of the fastest-growing segments in healthcare.

Healthcare Innovators
Slideshow: Healthcare Innovators
(click image for larger view and for full slideshow)

McKesson Corporation will acquire U.S. Oncology, a leading integrated oncology company, in an all-cash deal valued at $2.16 billion. The combined organization will focus on providing a comprehensive offering of solutions for the oncology industry, one of the fastest-growing segments in healthcare.

McKesson, a San Francisco, Calif.-based healthcare services and IT company, said Monday that it expects to finalize the deal by the end of the year, pending regulatory approval. McKesson will assume U.S. Oncology's debt valued at $1.6 billion, which will either be repaid or refinanced.

The combination of both companies will provide oncology customers access to: evidence-based medicine to improve clinical outcomes and enable value-based reimbursement; expanded clinical expertise, clinical research, and personalized medicine; integrated healthcare IT, including the iKnowMed and Lynx technology platforms; practice-management solutions and consultative capabilities; and distribution and supply-chain expertise.

John Hammergren, chairman and CEO at McKesson, said his company is committed to improving the way healthcare providers deliver care to patients, and noted that both companies possess the necessary technology and business expertise to make a difference in cancer care.

"The combination of U.S. Oncology and McKesson will enhance our ability to achieve these goals in one of the most important segments in healthcare," Hammergren said in a statement. "Community oncology practices need strategic support that offers not only technology and distribution solutions, but also value-added clinical and reimbursement management services that enable them to provide the highest-quality, most efficient care to their patients. With this acquisition, McKesson will offer a compelling suite of services and solutions to community oncologists and other partners in the rapidly evolving specialty business."

Previous
1 of 2
Next
Comment  | 
Print  | 
More Insights
Big Love for Big Data? The Remedy for Healthcare Quality Improvements
Big Love for Big Data? The Remedy for Healthcare Quality Improvements
Healthcare data is nothing new, but yet, why do healthcare improvements from quantifiable data seem almost rare today? Healthcare administrators have a wealth of data accessible to them but aren't sure how much of that data is usable or even correct.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Must Reads Oct. 21, 2014
InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
A roundup of the top stories and trends on InformationWeek.com
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.