Acquisition of McKesson Automation

Healthcare
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:

Bill Suddath 404-264-2222
John Moriarty 650-858-3811
Les Cheek 617-426-5789
James Weck 312-609-4675
Healthcare
Acquisition of McKesson Automation
Date
November 2013
Company
Francisco Partners
Transaction
M&A
Sectors
Healthcare
Target Geography
North America
Acquiror Geography
North America

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