Monday, November 1, 2010

US Oncology Acquired For $2.16 Billion

The Woodlands, Texas-based US Oncology, a provider of cancer treatment centers, is being acquired by McKesson Corporation in a deal worth approximately $2.16 billion, the firms said today. The companies said they are in a definitive agreement to purchase all of the outstanding shares of US Oncology in an all-cash deal. McKesson said that US Oncology will combine to become the McKesson Specialty Care Solutions business, headed by US Oncology Chairmand and CEO Bruce Broussard, with headquarters in The Woodlands.