McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools.
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32 Facts About McKesson Corporation
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McKesson Corporation delivers a third of all pharmaceuticals used in North America and employs over 78,000 employees.
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Additionally, McKesson Corporation provides extensive network infrastructure for the health care industry;, it was an early adopter of technologies like bar-code scanning for distribution, pharmacy robotics, and RFID tags.
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McKesson Corporation has been named in a federal lawsuit of profiting from the opioid epidemic in the United States.
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McKesson Corporation has increased its market in medical technology through acquisitions, including Per Se Technologies and RelayHealth in 2006 and Practice Partner in 2007.
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In 2010, McKesson Corporation acquired the oncology and physician services company US Oncology, Inc for $2.
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Today, McKesson Corporation is one of the oldest operating businesses in the United States.
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In 2014, McKesson Corporation acquired Celesio to become one of the world's largest health care companies, with over $179 billion in annual revenue.
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In June 2016, McKesson Corporation announced plans to merge its IT business with Change Healthcare.
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In 2017, McKesson Corporation was involved in a number of lawsuits against the state of Arkansas over the supply of vecuronium bromide.
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McKesson Corporation was under contract by Pfizer not to sell to any correctional facility that authorized and carried out Capital punishment.
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In February 2020, McKesson Corporation Corp announced that it would part ways with Change Healthcare.
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McKesson Corporation would give up its three seats on Change's board of directors, and as an entity will no longer own any portion of Change.
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Fiscal year 2018, McKesson Corporation reported earnings of US$67 million, with an annual revenue of US$208.
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McKesson Corporation's shares traded at over $142 per share, and its market capitalization was valued at over US$24.
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McKesson Corporation Medical-Surgical offers a large selection of national health care brands, along with McKesson Corporation's exclusive brand of medical products.
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In 2015 McKesson Corporation Medical-Surgical opened its new headquarters in Richmond, Virginia.
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McKesson Corporation operated the Mosswood Wine Company from 1978 until 1987, when the division was sold to maintain their focus on pharmaceuticals.
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In 2008, McKesson Corporation paid $13 million in fines for failing to report huge orders of hydrocodone.
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In January 2017, McKesson Corporation agreed to pay a $150 million civil penalty for alleged similar violations of the Controlled Substances Act regarding the distribution of opioids.
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In 1991, McKesson Corporation acquired a 100 percent interest in Medis Health and Pharmaceutical Services from Provigo.
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In March 2016, McKesson Corporation agreed to purchase Canadian pharmacy chain Rexall from the Katz Group of Companies for $3 billion.
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McKesson Corporation expanded its footprint in Australia and New Zealand by acquiring Emendo in November 2012.
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McKesson Corporation ANZ develops and sells healthcare optimization services and software.
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McKesson Corporation has traditionally been focused on the public markets in Australia and New Zealand.
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On November 2,2020, Walgreens Boots Alliance and McKesson Corporation announced the completion of their previously announced agreement to create a joint venture combining their respective pharmaceutical wholesale businesses in Germany, Alliance Healthcare Deutschland and GEHE Pharma Handel.
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In July 2012, McKesson Corporation agreed to pay California and 28 other states $151M to settle allegations that it had inflated prices and overbilled Medicaid.
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In January 2017, McKesson Corporation agreed to pay $150M to settle allegations that it hadn't done enough to track and stop suspicious opioid sales.
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