McKesson Buys Precision Medicine for 2.25 Billion

McKesson agreed to purchase Precision Medicine Group for approximately 2.25 billion dollars. The acquisition aims to boost the drug distributor clinical research and oncology services.

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FILE PHOTO: U.S. dollar banknotes and medicines are seen in this illustration taken, June 27, 2024. REUTERS/Dado Ruvic/Illustration

MCKESSON CORP agreed on Tuesday morning to acquire Precision Medicine Group for $2.25 billion in cash. The transaction expands the distributor's oncology and specialty care footprint. The purchase represents just over 2% of McKesson's total market capitalization.

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