McKesson Corp MCK:NYSE

Last Price$152.12NYSE Closing Price as of 6:30PM ET 1/28/20

Today's Change+1.49(0.99%)
Bid (Size)$142.60 (10)
Ask (Size)$161.00 (1)
Day Low / High$150.81 - 153.56
Volume699.7 K

AdaptHealth to Buy McKesson's Patient Care Solutions Business for Undisclosed Sum

9:28AM ET 11/22/2019 MT Newswires
Home medical equipment provider AdaptHealth (AHCO) said Friday that it signed a definitive deal to acquire McKesson's (MCK) patient case solutions (PCS) business for an undisclosed amount.

As part of the acquisition, AdaptHealth agreed to a supply and distribution agreement with McKesson over the acquired business' home medical equipment service lines. According to AdaptHealth, PCS' net revenue stood at about $134 million for the 12 months ended Oct. 31.

The company expects to close the transaction in December and estimates that the full integration of the business into its platform will cost about $30 million.

Price: 8.11, Change: 0.00, Percent Change: 0.00