McKesson Acquires MED3OOO

McKesson and MED3OOO have announced a definitive agreement in which McKesson will acquire MED3OOO, a national healthcare management and technology services company that works with providers, health plans, and employers. Based in Pittsburgh, PA, MED3OOO employs 2,800 employees in the United States and services a customer base that includes more than 10,000 physicians, 15,000 technology users, numerous hospitals and health systems, physician networks, state agencies, as well as revenue cycle management services for EMS providers and independent practice associations. MED3OOO’s products and services include physician group management, billing and revenue cycle management, hosted applications, third-party administrator services, and a proprietary, cloud-based solution that can adapt to changing conditions without server expansions, software and system upgrades or extended downtime due to hardware failure. Once complete, the acquisition will complement the medical billing and practice management service offerings of McKesson Revenue Management Solutions (RMS) and accelerate expansion into growth markets, including the ability to provide new domain expertise, services and technologies that help customers build and succeed within an accountable care environment, the company says. The parties expect to complete the acquisition in the next few months, subject to the satisfaction of customary conditions, including all necessary regulatory clearances.