MSD picked up by McKesson

STOUGHTON, Mass. - Medical Specialties Distributors has entered into a definitive agreement to be acquired by McKesson Corp., the company announced April 25. McKesson will pay $800 million for the post-acute/non-hospital patient supply chain provider, according to news reports. “We believe McKesson is the ideal partner and view this transaction as a strategic fit that will generate many benefits for our customers and their patients,” said Tom Burke, CEO of MSD. “Combining our complementary businesses will allow us to collectively bring more value to the healthcare providers across the post-acute segments MSD serves.” MSD provides more than 9,700 healthcare providers at more than 11,000 sites nationwide with a broad portfolio of medical supplies, biomedical services and technology solutions. The company has been owned by investment firm New Mountain Capital since 2013. The deal is expected to close in the first half of McKesson's fiscal year 2019.