Following the EC’s decision to partially refer the McKesson/UDG Healthcare merger to the CMA, the CMA investigated the UK aspects of the transaction - the acquisition by AAH Pharmaceuticals Ltd, an entity within McKesson, of 2 entities within UDG Healthcare, MASTA and Sangers.
29 June 2016: The CMA has cleared the acquisition by AAH Pharmaceuticals Ltd, an entity within McKesson, of 2 entities within UDG Healthcare, MASTA and Sangers. The full text of the decision is available below.
1 April 2016: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on McKesson UK Finance I Limited and McKesson Corporation (together referred to as McKesson Corporation) and AAH Pharmaceuticals Limited (AAH) in relation to McKesson’s proposed acquisition of two entities within UDG Healthcare plc, Medical Advisory Services for Travellers Abroad Ltd (MASTA) and Sangers (Northern Ireland) Ltd (Sangers).
8 March 2016: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
Launch of merger inquiry
7 March 2016 : On 3 March 2016, the CMA launched its phase 1 investigation following the European Commission’s decision to refer the case to the United Kingdom under Article9(2) of the EC Merger Regulation.
CMA request for referral
22 January 2016: The CMA has made a request to the European Commission to refer McKesson’s proposed acquisition of the united drug division and other associated businesses of UDG Healthcare to the CMA for investigation.