McKesson to buy cardiac image and information management provider Medcon

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McKesson Corp. this week announced that it has inked a definitive agreement to acquire Medcon, Ltd., an Israeli company. Medcon is a global provider of web-based cardiac image and information management products for heart centers, including diagnostic digital image management and archiving, procedure reporting, and workflow management. The deal is valued at approximately $105 million.

For McKesson, the addition of Medcon will strengthen the company's enterprise imaging offerings, which includes integrated solutions for medical specialties such as radiology, gastroenterology, ophthalmology, and cardiology.

Medcon's comprehensive approach to cardiology will support McKesson's strategy for enterprise image management as a component in building EHRs. McKesson's EHR strategy includes enterprise access to all forms of patient data ranging from structured clinical findings to diagnostic images, waveforms, document images, voice and video, all using industry-standard storage methods, the company said.

The acquisition is expected to close in McKesson's second fiscal quarter and is subject to Medcon shareholder and regulatory approvals, as well as other customary conditions. However, the acquisition is expected to have no material impact on McKesson's fiscal earnings for 2006.

Uzi Blumensohn, Medcon's Chairman and CEO, and all other personnel associated with sales, installation, development and support will become part of McKesson Provider Technologies.