McKesson Corp. is selling its hospital pharmacy automation unit to private-equity firm Francisco Partners.
The San Francisco-based pharmaceutical distribution and health information technology company previously disclosed its intent to sell the Pittsburgh-based division, which develops and markets technologies such as central pharmacy automation for dispensing unit-dose medications.
Kraig McEwen will remain president of McKesson Automation as a stand-alone company.
“We will maintain a close working relationship with McKesson Corp. to ensure that the companies' collective solutions for hospitals and healthcare providers are complementary and effective,” Chris Adams, a principal of San Francisco-based Francisco Partners, said in a news release.
Financial terms of the transaction, expected to close by Dec. 31, were not disclosed. McKesson also intends to sell its international technology division and a “small business” from its distribution solutions segment. Together, the company recorded the revenue for the discontinued operations at $116 million for the quarter ended June 30.
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