McKesson Corporation Company Profile

Sr. No.

Item

Description

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Company Name

McKesson Corporation

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Website

www.mckesson.com

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Established Date

1833

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Headquartered

United States

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Market Position/ History

McKesson Corporation was founded in 1833 by John McKesson and Charles Olcott and is headquartered in Irving, Texas.

Between 1991 – 2006, the company acquired RelayHealth, the nation’s leading pharmacy network, and expanded its footprint by acquiring HBO & Company, the world’s largest healthcare services company.

It acquired General Medical Supply, the nation's largest distributor of medical supplies and equipment.

Between the years 2007 to 2016, the company expanded its oncology expertise with the acquisitions of Biologics and Vantage Oncology.

It became a leader in specialty cancer care with the acquisitions of The US Oncology Network and US Oncology Research.

In the same years, it established expertise in oncology with the acquisition of Oncology Therapeutics Network and Onmark Group Purchasing Organization.

Between 2017-18, it formed a healthcare IT joint venture with Change Healthcare to deliver wide-ranging financial, operational, and clinical benefits.

It has also completed the acquisition of CoverMyMeds to provide patients with cost-effective solutions for medications.

It further acquired RxCrossroads to provide biopharma manufacturers with customizable services and solutions.

In the course of time, the company acquired Medical Specialties Distributors, Echo, Rx Savings Solutions, Compile, and formed joint venture between McKesson’s US Oncology Research (USOR) and HCA Healthcare’s Sarah Cannon Research Institute (SCRI) to transform oncology research, accelerate drug development and increase availability and access to clinical trials in the community setting.

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Sales Area

Worldwide

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Ticker

NYSE: MCK

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No. of Employees

51,000

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Competitors

• Cardinal Health
• Henry Schein
• Medline
• Athenahealth
• Cencora
• Access Healthcare
• Cerner
• Danaher

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CEO

Brian S. Tyler

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Ownership Type

Public

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Contact Information

6555 State Hwy 161, Irving, TX, 75039

Tel: (972) 446-4800

Product

Product Description

Deliver Therapies Accurately, Safely, Securely and On-Time

McKesson supplies branded, generic, over-the-counter and specialty pharmaceuticals to more than 40,000 customers spanning retail chains, independent retail pharmacies and institutional providers such as hospitals, health systems, integrated delivery networks and long-term care providers and specialty providers.

• Next-day deliveries to pharmacies, often within 12 hours of an order being received
• 99% pharmacy-to-consumer fill rates
• A nationwide network of distribution centers that aggregates more than 1 million lines per day
• Single points of ordering from over 500 manufacturers
• Redistribution services, short-notice deliveries, returns, and recall management

Six Sigma process enhancements

• Day-and-night distribution operations to support customers around the country, through a national network of highly secure distribution centers. These are licensed and inspected regularly by federal and state government agencies.

• Precise order accuracy and safety, with a Smithsonian Award-winning warehouse management system (Acumax™) that continuously tracks products using barcode technology
• Uniform, fully redundant information technology systems, including robust, Web-based interfaces, housed at its state-of-the-art data centers
• The fastest, most dependable delivery methods, via strong relationships with multiple transportation companies and utilization of all available distribution resources
• A commitment to continuous technology improvements, including Radio Frequency Identification (RFID), that can improve the safety and security of the pharmaceutical supply chain

Brand Name Drug Purchasing and Distribution

Pharmacies of all types and sizes have access to a wide selection of brand-name drugs at competitive prices through its comprehensive suite of brand-name drug purchasing and distribution solutions. Its sourcing network is supported by long-standing supplier relationships with more than 500 drug manufacturers.

Its brand-name drug solutions provide with:

• A large inventory

• Ordering accuracy
• High fill rates
• Drug shortage avoidance
• A wide portfolio of products

The company offers repackaged brand name drugs to:

• Independent retail pharmacies
• National and regional pharmacy chains
• Alternate site pharmacies
• Hospital and health system pharmacies
• Mail-order pharmacies
• Specialty pharmacies