McKesson to Acquire Pharmaceutical Distribution Division of UDG Healthcare for €408M in Cash

McKesson Corporation

today announced an agreement to purchase the pharmaceutical distribution division of UDG Healthcare (UDG) based in Northern Ireland (United Drug Sangers) and the Republic of Ireland (United Drug). Under the terms of the agreement McKesson will acquire: United Drug and United Drug Sangers, leading wholesale operations across the Republic of Ireland and Northern Ireland; TCP, a leading home healthcare provider in the Republic of Ireland; and MASTA, UDG's travel healthcare business based in the United Kingdom. The transaction is subject to UDG shareholder approval and EU competition clearance, among other customary closing conditions and is