login
Become a member
Quick Registration
Full Registration Benefits -
Free Homepages for Doctors
Free Homepages for Hospitals
Free Homepages for Medical Conference
Free Homepages for NGO's
Personal Health Record Creation
Access to all Medical Slides
Access to all Jobs & Products Sale
Two Billion Dollar Cancer Deal Sealed by US Drug Distributor
McKesson will buy all outstanding shares of US Oncology for cash and assume its debt.
"The combined organization will focus on providing a comprehensive offering of solutions for the oncology industry, one of the fastest-growing segments in healthcare," they said.
The transaction, which requires regulatory approval, was expected to close by December 31.
McKesson chairman and chief executive John Hammergren said the tie-up with the community-based cancer treatment and research firm would offer a "compelling suite of services and solutions to community oncologists and other partners in the rapidly evolving specialty business."
The combined McKesson specialty care business will have 3,000 physician clients and be led by Bruce Broussard, chairman and CEO of US Oncology.
Shares in San Francisco-based McKesson rose 17.0 percent to 67.10 dollars in late morning trade in New York.
Source-AFP
|
|
More News on: Drug Toxicity, Cancer and Homeopathy, Signature Drug Toxicity, Cancer Facts, Cancer, Tattoos A Body Art
 Comment & Contribute
|
- Health News Index
 | Quiz on Cancer Looking for information on cancer? Go through medindia's Cancer quiz. 
|
- News Quick Links
 |
Cancer
Complete Medindia Resources
|
| News Categories: |
| » | Research: Bright Colored Chips can Cut Consumption by Half |
| » | Olympic Athlete's Body Via the 80-10-10 Raw Vegan Diet |
| » | Importance of Canned Foods To Help Tackle IOM Weight Of The Nation Recommendations, Highlights Study |
| » | US Rules Pomegranate Juice Claims Deceptive |
| » | Reducing Entrée Size Could Increase Fruit and Vegetable Intake in Children |
| More Diet News | |
|
