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McKesson announces agreement to purchase Celesio

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Krystal
New Update

SAN FRANCISCO, USA: McKesson Corporation, a North American healthcare services and information technology company, and Celesio AG, an international wholesale and retail company and provider of logistics and services to the pharmaceutical and healthcare sectors, announced that McKesson has signed an agreement to acquire a majority stake in Celesio for €23 per share and to launch parallel voluntary public tender offers for the remaining publicly-traded shares and outstanding convertible bonds of Celesio.

McKesson and Celesio will combine to form a global leader in healthcare services with deep expertise in delivering solutions to pharmacies, manufacturers, patients and other customers. The transaction brings together the strength of two leaders with complementary geographic footprints, shared values and a heritage of trusted healthcare services, through pharmaceutical wholesaling, community pharmacy care and information technology, dating back approximately 180 years.

The combined company will be one of the largest pharmaceutical wholesalers and providers of logistics and services in the healthcare sector worldwide and expects to deliver exceptional value to customers through increased supply chain efficiency and enhanced global sourcing, global distribution and logistics capabilities that bring new value and services to manufacturing partners, a broad array of innovative technology and business services, and operating best practices across an extensive distribution network on three continents.