Business

McKesson acquires RelayHealth

NEWS IN BRIEF — Posted July 3, 2006

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McKesson Corp. announced June 12 that it acquired RelayHealth Corp., a Emeryville, Calif., seller of online consultation and other physician-patient connectivity software. Financial terms were not disclosed.

San Francisco-based McKesson, which sells pharmaceutical and medical supplies and information systems to hospitals and physicians, said RelayHealth will be part of a newly created business group that will sell personal health records services and tools to consumers. McKesson had made an undisclosed investment in RelayHealth last year.

RelayHealth has deals with at least 13 insurers to develop software that would allow them to pay physicians for online consultations.

Generally, the physicians have to buy the RelayHealth software in order to get reimbursed.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/07/03/bibf0703.htm.

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