McKesson Corporation is an American health care company that distributes medicines and provides health information technology, medical supplies, and care management tools. The company has revenues of $ 198.5 billion by 2017.
McKesson is based in the United States and distributes health care systems, medical supplies, and pharmaceutical products. In addition, McKesson provides a broad network infrastructure for the health care industry; also, it is an early adopter of technologies such as bar-code scanning for distribution, pharmaceutical robotics, and RFID tags.
This is a Fortune Global 500 company, and the 5th highest earning company in the United States.
Video McKesson Corporation
Histori
Founded in New York City as Charles M. Olcott in 1828 and later as Olcott, McKesson & amp; Co. by Charles Olcott and John McKesson in 1833, the business began as an importer and wholesaler of botanical medicines. The third partner, Daniel Robbins joins the company as it grows, and its name is changed to McKesson & amp; Robbins after Olcott's death in 1853.
The company managed to emerge from one of the most famous business/accounting scandals in the 20th century - McKesson & amp; Robbins scandal, an important event that led to major changes in American auditing standards and securities regulations after it opened in 1938. In the 1960s, McKesson & Robbins joins Foremost Dairies of San Francisco to form Foremost-McKesson Inc.
Since the mid-20th century, McKesson has gained an increasing proportion of its income from medical technology, rather than drugs. This culminated in the purchase of HBO medical information systems & amp; Company (HBOC) in 1999; the combined company is briefly known as McKessonHBOC . Accounting irregularities at HBOC reduced the company's share price by half, and resulted in the dismissal and prosecution of many HBOC executives. The company's name was returned to "McKesson" in 2001. McKesson Technology Solutions , as the company's information technology branch now known, continues to increase its market share through acquisitions, notably Per Se Technologies, RelayHealth, and Practice Partners.
In 2010, McKesson acquired the leading US cancer services company Oncology, Inc. worth $ 2.16 billion, which is integrated into the McKesson Special Care Solutions business.
On June 24, 2013, The Wall Street Journal reported that the retirement benefits of McKesson Chairman and CEO John Hammergren for $ 159 million set a record for "the largest recorded pension for a public company executive today, and almost definitely the largest in American companies. "A study in 2012 by the GMI Rank, which tracks executive payments, found that 60% of CEOs in S & P 500 companies have retirement, and averaged $ 11.5 million.
In addition to its offices throughout North America, McKesson also has international offices in Australia, Ireland, France, the Netherlands and the UK. Today, McKesson is one of the oldest businesses that continues to operate in the United States.
On August 23, 2016, McKesson decided to incorporate most of the IT businesses with Change Healthcare.
By 2017, McKesson is involved in numerous lawsuits against the state of Arkansas for the provision of vecuronium bromide. McKesson was contracted by Pfizer not to sell to the correctional correctional institution and executed the death penalty.
Maps McKesson Corporation
Division
McKesson Provider Technologies
McKesson Provider Technologies is the retail name for McKesson Technology Solutions; McKesson's software development division. Their customer base in the United States includes 50% of all health systems, 20% of all doctor's practices, 25% of home care agents, and 77% of health systems with more than 200 beds.
On June 20, 2005, McKesson Provider Technologies acquired Medcon, Ltd., an Israeli company providing heart image and web-based information management solutions for heart centers, including: digital image diagnostic management, filing, reporting procedures, and workflow management.
In October 2013, McKesson agreed to buy a 50% stake in the German Celesio peer for $ 8.3 billion.
McKesson Medical Equipment and Tools
McKesson Medical-Surgical (MMS) offers a wide selection of national health care brands, along with exclusive McKesson medical product brands.
Their online medical supply ordering platform caters to the needs of doctor's offices, surgery centers, home health agencies, DMEs, laboratories, and long-term care facilities.
By 2015 McKesson Medical-Surgical opened its new headquarters in Richmond, Virginia.
Health Mart's pharmaceutical franchise
Health Mart is a network of more than 4,000 pharmacies owned and operated independently. It is a wholly owned subsidiary of McKesson Corporation, which has the name "Health Mart." McKesson acquired the owner of Health Mart, FoxMeyer in October 1996.
Former division
McKesson operated the Mosswood Wine Company from 1978 to 1987, when the division was sold to maintain their focus on drugs. This division was founded and run by wine writer Gerald Asher.
Settlement
In 2008, McKesson paid a $ 13 million fine for failing to report a large hydrocodone order. In January 2017, McKesson agreed to pay a $ 150 million civil penalty for allegedly similar violations of the Controlled Substance Act on opioid distribution.
International
McKesson Canada
In 1991, McKesson Corporation acquired 100 percent interest in Health Services and Medical Pharmaceuticals from Provigo. In 2002, the name McKesson Canada was adopted. McKesson Canada is a wholly owned subsidiary of McKesson Corporation. It covers various business units: McKesson Pharmaceutical, McKesson Automation, McKesson Specialty, McKesson Health Solutions, and McKesson Information Solutions.
In March 2016, McKesson agreed to buy Canada's Rexall pharmaceutical chain of the Katz Group of Companies for $ 3 billion. The proposed agreement is subject to government approval.
United Kingdom
In the UK, McKesson (operating as an Information Solution McKesson UK Ltd) is an information technology services provider for the health care industry. In addition to many clinical and financial software systems and procurement services, McKesson is also responsible for developing an Electronic Staff Recorder system for National Health Services that provides an integrated payroll system for 1.3 million NHS staff, making it the single largest payroll system in the world.. McKesson Shared Services also provides payroll services for over 20 NHS Trusts, paying more than 100,000 NHS members.
United Kingdom Headquarters McKesson is in Warwick with data centers at Newcastle on Tyne and Brent Cross and offices in Sheffield, Bangor, Glasgow and Vauxhall, London. Across the United Kingdom, he employs over 500 people.
In June/July 2014 McKesson sold most of their healthcare software business to private equity firm Symphony Technology Group and also indicated that they would not re-bid for an Electronic Staff Record contract. This happened after the company had recorded significant annual revenue loss (16% in fiscal year 2012/13) after taking over a very successful UK operation in 2011.
Australia and New Zealand
In 2010, McKesson Asia-Pacific was acquired by Medibank Private Ltd.
McKesson ANZ is a wholly-owned subsidiary of McKesson Corporation. McKesson expanded its footprint in Australia and New Zealand by acquiring Emendo in November 2012. McKesson ANZ develops and sells healthcare optimization services and software. The company has traditionally focused on public markets in Australia and New Zealand. The majority of District Health Boards in New Zealand use one or more of the McKesson Capacity Management solutions.
Christchurch, New Zealand, is one of the centers of excellence in McKesson's global Quality and R & D Management. All McKesson's R & amp; D for McKesson Capacity Planner done in New Zealand. The company employs about 40 team members across Australia and New Zealand including general management, R & D, sales, service and employee support.
McKesson Capacity Planner (formerly Emendo CapPlan) is used in over 40 hospitals in Australia, New Zealand, the UK, Canada and the US to estimate future patient activity and help the health system to efficiently allocate resources and identify unnecessary costs.
Facilities
In addition to its global headquarters in San Francisco, California, McKesson has facilities throughout North America.
See also
- Top 100 US Federal Contractors
References
External links
- Official website
Source of the article : Wikipedia
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