McKesson Buys Sterling Medical

Financial terms weren't disclosed.
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Drug and medical-supplies distributor

McKesson

(MCK) - Get Report

agreed to buy Sterling Medical Services, a unit of Coloplast A/S of Denmark.

Financial terms weren't disclosed. Sterling is based in Moorestown, N.J., and provides medical supplies and health-management services to the home-care market.

McKesson, San Francisco, expects to close the acquisition during its 2007 fiscal year. In addition to the Sterling acquisition, McKesson and Coloplast have signed a long-term supply agreement. The deal will see McKesson distribute Coloplast's ostomy and continence-care products.

Shares of McKesson were up 5 cents to $53.64.