Summary Box: McKesson to acquire US Oncology
THE DEAL: Medical supplies distributor McKesson Corp. will pay $560 million in cash to acquire US Oncology, a company that provides drugs and administrative services to cancer centers.
CANCER SERVICES: US Oncology serves 1,000 doctors in 38 states. McKesson said the combined company will serve more than 3,000 cancer specialists.
TAKING ON DEBT: In addition to what it is paying for the company's shares, McKesson said it will assume $1.6 billion of US Oncology's debt, which will be prepaid or refinanced.