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McKesson to buy controlling stake in Florida Cancer Specialists' unit for about $2.5 bln
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McKesson to buy controlling stake in Florida Cancer Specialists' unit for about $2.5 bln
Aug 26, 2024 9:30 PM

Aug 26 (Reuters) - Drug distributor McKesson

said on Monday it would buy a controlling stake in community

cancer center Florida Cancer Specialists & Research Institute's

business and administrative services unit, Core Ventures, for

$2.49 billion in cash.

McKesson would acquire about a 70% stake in the unit, which

would be part of its U.S. pharmaceutical segment.

Upon the close of the transaction, Florida Cancer

Specialists - which operates in nearly 100 locations across

Florida, with more than 250 physicians and 280 nurses and

physician assistants - would remain independently owned and join

McKesson's U.S. oncology network.

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