Medical Services
Medical-products and services provider McKesson(MCK) reached a deal to sell its automated prescription-systems business to privately held firm Parata Systems.
McKesson's automated prescription-systems unit makes software that helps retail pharmacies improve patient safety and operate more efficiently. McKesson said charges associated with the transaction will probably cut its earnings by about 4 cents a share. The company expects to close the sale in the fiscal first quarter. The companies also signed a long-term pact under which McKesson will become the sole outside distributor for all Parata products in North America. McKesson will become a significant minority investor in Parata and get two seats on its board. McKesson's high-volume solutions and pharmacy-systems business weren't included in the transaction. Parata Systems is based in Durham, N.C., and was founded in 2001. Shares of McKesson were down 48 cents, or 1%, at $48.26.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 15.95 |
Oil *
102.95
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
0.30 |
10 Yr
1.60%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-1.85%
|
Data delayed 20 minutes |
Connect with TheStreet