CVS Caremark Corp., the largest provider of prescription drugs in the U.S., agreed to buy Coram LLC from Apria Healthcare Group Inc. for about $2.1 billion to add specialty infusion services, its biggest deal in five years.
McKesson Corp., the largest U.S. pharmaceutical distributor, rose to its highest value ever after agreeing to buy Germany’s Celesio AG for about 3.9 billion euros ($5.4 billion) to boost its share of the growing global generic- drug market.
Alliance Boots GmbH, the pharmacy company that loaded up on debt in a 11.1 billion pound ($17.4 billion) leveraged buyout before the credit crisis, is now seeking success by cutting borrowing as it expands globally.
KKR & Co., Goldman Sachs Capital Partners and TPG Capital, the firms that led the $48 billion buyout of Energy Future Holdings Corp. in 2007, are fighting to receive barely 3 percent of their initial investment when the power generator files for bankruptcy as soon as this month.
Alliance Boots GmbH, the largest U.K. drugstore chain, will buy a 12 percent stake in China’s Nanjing Pharmaceutical Company Ltd. for about 56 million pounds ($91 million), it said in a statement today.