McKesson to Acquire MED3OOO, Terms Not Disclosed

McKesson and MED3OOO today announced they have signed a definitive agreement under which McKesson will acquire MED3OOO, a national healthcare management and technology services company that helps improve outcomes for providers, health plans, employers, and the patients and employees they serve. MED3OOO's products and services include physician group management, billing and revenue cycle management (all specialties), hosted applications, third-party administrator services, and a proprietary, cloud-based solution that enables practices to rapidly adjust to the ever changing demands of healthcare without concern for server expansions, software and system upgrades or extended downtime due to hardware failure. Once complete, the acquisition will complement the medical billing and practice management service offerings of McKesson Revenue Management Solutions (RMS) and accelerate expansion into growth markets, including the ability to provide new domain expertise, services and technologies that help customers build and succeed within an accountable care environment.