Business Services Industry

McKesson Corporation Completes Sale of Assets of Its Automated Prescription Systems Business

Business Wire, June 23, 2006

SAN FRANCISCO -- McKesson Corporation (NYSE:MCK), announced today that it has completed the sale of the assets of its automated prescriptions systems business to Parata Systems. In addition, the two companies have entered into a long-term strategic alliance under which McKesson will become the sole third-party distributor for all Parata products in North America and become a significant minority investor in Parata. McKesson High Volume Solutions (HVS) and McKesson Pharmacy Systems (MPS) were excluded from this transaction. McKesson did not disclose terms of the deal.

About McKesson

McKesson Corporation (NYSE:MCK), currently ranked 16th on the FORTUNE 500, is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes and improving the quality and safety of patient care. Over the course of its 173-year history, McKesson has grown by providing pharmaceutical and medical-surgical supply management across the spectrum of care; healthcare information technology for hospitals, physicians, homecare and payors; hospital and retail pharmacy automation; and services for manufacturers and payors designed to improve outcomes for patients. For more information, visit us at www.mckesson.com.

About Parata

Parata Systems, founded in 2001, designs and markets the fully automated Robotic Dispensing System (RDS), marketed to retail, institutional and governmental pharmacies. Parata System's flagship product, Parata RDS (Robotic Dispensing System), counts 30 tablets/second to accurately process up to 154 prescriptions an hour. In about 20 seconds, Parata RDS selects and labels a vial, fills, caps and sorts by patient last name. Its drug-to-vial accuracy is 100 percent. And at just 12 square feet, the sleek, compact machine is an easy fit in any pharmacy, occupying the space of a single shelving unit. Parata Systems is based in Durham, N.C. Call, click or visit Parata Systems, www.parata.com, info@parata.com, 1-888-PARATA1 (727-2821).

COPYRIGHT 2006 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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