McKesson closes on purchase of Moore Medical

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McKesson Corp. on April 2 announced that it had completed its acquisition of Moore Medical Corp. in New Britain, Conn.

Moore Medical is an Internet-enabled, multi-channel marketer and distributor of medical surgical and pharmaceutical products to non-hospital provider settings and will become part of the Medical-Surgical business of McKesson.

With the addition of Moore Medical, McKesson expands its market share in the distribution of medical, surgical and pharmaceutical supplies to alternate healthcare sites.

MsKesson acquired Moore Medical - which traded on the American Stock Exchange under the ticker symbol MMD - for $12 per share in cash, making the transaction worth approximately $40 million.