History
The company, based in Jacksonville, Florida, began in 1983 with the physician business, now called the Physician Sales & Service (PSS) division, as a distributor of medical supplies, diagnostic equipment, and pharmaceutical related products to primary care office-based physicians in the United States. According to The Florida Times-Union, "PSS entered the radiology and imaging equipment distribution business by acquiring Jacksonville-based Diagnostic Imaging, Inc" in 1996.
The acquisition of Gulf South Medical Supply Inc. was completed in early 1998 for $661 million and expanded PSSWM's target customer group to include long-term care and assisted living facilities, home health care and hospice providers.
On February 22, 2013, McKesson Corporation (NYSE: MCK) announced that it completed the acquisition of PSS World Medical, Inc. for a total purchase price of approximately $2.1 billion, acquiring all outstanding shares of PSS World Medical for $29.00 per share in cash.
Read more about this topic: PSS World Medical
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