Deal Details
Acquisition of McKesson Automation
Summary
Baird served as the exclusive financial advisor to Francisco Partners
About
Francisco Partners recently completed its acquisition of McKesson Automation, a unit of McKesson Corporation (“McKesson”) (NYSE: MCK). Terms of the transaction were not disclosed.McKesson Automation helps hospitals and health systems streamline the delivery of medications – from the distribution source to the patient – shifting focus from manual, time-consuming tasks to patient care activities that impact outcomes and reduce costs. McKesson Automation offers a range of products addressing every stage of medication delivery within a hospital, including pharmacy, nursing and surgical services. McKesson Automation is headquartered in Pittsburgh, Pennsylvania.
Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, Francisco Partners has raised approximately $7 billion and invested in more than 100 technology companies. Francisco Partners invests in transaction values ranging from $50 million to over $2 billion, where the firm’s sub-sector knowledge and operational expertise can help a company realize its full potential. Francisco Partners is headquartered in San Francisco, California.
McKesson Corporation is a healthcare services and information technology company dedicated to making the business of healthcare run better. McKesson helps its customers improve their financial, operational and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. McKesson is headquartered in San Francisco, California.
For additional information about this transaction, please contact:
- Date
- November 2013
- Company
- Francisco Partners
- Transaction
- M&A
- Sectors
- Healthcare
- Target Geography
- North America
- Acquiror Geography
- North America
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