Per-Se Technologies To Become Part of McKesson
McKesson is acquiring software provider Per-Se Technologies Inc. for $1.8 billion according to both companies. According to Bloomberg this is the sixth acquisition by McKesson during the last two years. The company says it distributes a third of the drugs sold in North America while Per-Se serves 3,000 hospitals, 17,000 hospital-affiliated doctors, 50,000 pharmacies and 100,000 small practice doctors in what a statement (pdf) described as the largest electronic pharmacy network in the US. McKesson expects at least $50M in pre-tax synergies by the third year. The press release added that “with the acquisition of Per-Se, the scale of McKesson’s transaction-processing services and associated offerings for physicians and hospitals will more than double, to approximately 560 million transactions annually, representing an estimated $300 billion in billed charges.”
November 6, 2006 Related topics: Mergers & Acquisitions, IT & software