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McKesson buys PSS World Medical. St. Jude Medical draws FDA form 483. Cibiem raises $10 million for heart failure, hypertension treatment. More news briefs.

Health care services and IT firm McKesson Corp. will acquire medical product distributor PSS World Medical Inc. for $2.1 billion under a definitive agreement announced Oct. 25. PSS World Medical will be folded into McKesson’s medical-surgical supply distribution business, generating over $100 million in annual pre-tax synergies by the fourth year following the close of the transaction, McKesson said. The combined operation will provide customers with “access to a broader array of medical products and services coupled with the additional convenience and efficiency of working with a single delivery organization,” McKesson said. Under the terms of the deal, McKesson will pay $29 per share for PSS, a 34% premium over the stock’s Oct. 24 closing price of $21.60.

FDA issued a 483 violation form to St. Jude Medical Inc. following an inspection of the firm’s cardiac rhythm management manufacturing facility in Sylmar, Calif., St. Jude disclosed Oct....

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