Francisco Partners Will Acquire McKesson Automation
Private equity firm Francisco Partners announced this morning that it will acquire Pittsburgh-based McKesson Automation, which offers hospital pharmacy automation solutions. McKesson had announced plans to divest the business earlier this year.
According to a Francisco Partners spokesperson, “McKesson Automation is highly regarded in the healthcare industry for its system-wide approach to and deep understanding of the medication delivery process. We are excited to work closely with the existing leadership team to expand the automation business as a standalone company.”
McKesson acquired the former Automated Healthcare in 1996 for $65 million.
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