Page/Link: Page URL: HTML link: The Free Library. Retrieved Feb 16 2018 from. SAN FRANCISCO--(BW HealthWire)--Aug. 28, 1998-- Acquisition of Market Leader Accelerates Supply Management Automation Services for Retail, Mail-Order and Outpatient Pharmacies McKesson Corporation (NYSE:MCK), the leading health care supply management company in North America, announced today that it has entered into an agreement to acquire Automated Prescription Systems, Inc. (Baker/APS), of Pineville, La., a privately held manufacturer of automated prescription filling and dispensing systems, for approximately 1.3 million shares of McKesson common stock plus assumption of approximately $48 million in debt and other liabilities. The agreement has been structured as a tax-free transaction and will be accounted for as a pooling of interests. Closing is subject to the expiration or earlier termination of the waiting period under the Hart-Scott-Rodino Act.

Baker/APS, which had revenues of $31 million for the 12 months ended July 31, 1998, is the leader in automated counting and dispensing technology for retail, mail-order and outpatient pharmacies, with approximately 6,000 customer sites across the United States. One of its key products, Pharmacy 2000, combines proprietary software with computer hardware and Baker/APS's automated counting technologies to create a complete productivity-improvement system for pharmacies filling more than 2,000 prescriptions per week. The acquisition of Baker/APS will complement McKesson's existing pharmacy dispensing capabilities.

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J Tillman Cancer And Delirium Rare. In April 1996, McKesson acquired Automated Healthcare, Inc., which makes ROBOT-Rx(TM), a robotic pharmacy dispensing and utilization tracking system that enables hospitals to lower pharmacy costs while significantly improving the accuracy of drug dispensing. The rapid increase of the ROBOT-Rx installed base coupled with a growing backlog and expanding product line have established McKesson Automated Healthcare (MAH), a business unit of the McKesson Health Systems Group, as an industry leader in comprehensive solutions for hospital pharmacy automation. 'The value delivered to retail, mail-order and outpatient pharmacies by the Baker/APS technology to automate the prescription dispensing process complements the value delivered to hospital pharmacies by MAH's robotic technology,' said Mark T. Majeske, group president, McKesson Customer Operations Group.