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McKesson Corporation Completes Sale of the Acute Care Division of Its Medical-Surgical Supply Business

Posted on: Monday, 2 October 2006, 09:01 CDT

McKesson Corporation (NYSE:MCK), the world's leading healthcare services company, today announced that it has completed the sale of the acute care division of its medical-surgical supply business to Owens & Minor, Inc., (NYSE:OMI). McKesson and Owens & Minor originally announced on July 11, 2006, that the two companies had signed a definitive agreement.

Although it has divested its hospital supply business, McKesson's Medical-Surgical business unit will continue to serve the growing alternate site market, which includes physician offices, clinics, surgery centers, nursing homes, home care and occupational health facilities.

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 Owens and Minor

Owens & Minor, Inc., a FORTUNE 500 company headquartered in Richmond, Virginia, is the leading distributor of national name-brand medical and surgical supplies and a healthcare supply chain management company. With a diverse product and service offering and distribution centers throughout the United States, the company serves hospitals, integrated healthcare systems, alternate care locations, group purchasing organizations, the federal government and consumers. Owens & Minor provides technology and consulting programs that enable healthcare providers to maximize efficiency and cost-effectiveness in materials purchasing, improve inventory management and streamline logistics across the entire medical supply chain -- from origin of product to patient bedside. The company also has established itself as a leader in the development and use of technology. For news releases, or for more information about Owens & Minor, visit the company Web site at www.owens-minor.com.

Source: Business Wire

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