AdaptHealth to Buy Patient Care Solutions Business From McKesson
November 22 2019 - 8:44AM
Dow Jones News
By Chris Wack
AdaptHealth Corp. (AHCO) said Friday it is buying the Patient
Care Solutions business from McKesson Corp. (MCK).
The medical equipment company said the transaction is expected
to close in December, and its total investment, including
restructuring costs until the business is fully integrated on
AdaptHealth's platform in the latter half of 2020, is expected to
be about $30 million.
AdaptHealth said for the trailing 12 months ended Oct. 31, PCS
generated net revenues of $134 million. In connection with the
acquisition, AdaptHealth will enter into a supply and distribution
agreement with McKesson with respect to PCS's HME service
lines.
PCS provides wound care supplies, ostomy supplies, urological
supplies, incontinence supplies, diabetic care supplies, and breast
pumps directly to patients across the U.S.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
November 22, 2019 08:29 ET (13:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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