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

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McKesson Corporation (NYSE: MCK) 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

See full press release

Posted-In: M\u0026A News Press Releases

 

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