McKesson

McKesson distributes medical supplies, information technology, and care management products and services.McKesson Corporation provides medicines, pharmaceutical supplies, information and care management products and services across the healthcare industry. The Company operates in two segments. The McKesson Distribution Solutions segment delivers ethical drugs, medical-surgical supplies and equipment and health and beauty care products throughout NorthAmerica. This segment also provides specialty pharmaceutical solutions for biotech and pharmaceutical manufacturers, sells financial, operational and clinical solutions for pharmacies (retail, hospital, long-term care) and provides consulting, outsourcing and other services. 

The McKesson Technology Solutions segment delivers enterprise-wide clinical, patient care, financial, supply chain, strategic management and software solutions. In July 2011, the Company acquired Portico Systems from Safeguard Scientifics, Inc. On March 25, 2012, it acquired the independent banner and franchise businesses of Katz Group Canada Inc. McKesson Distribution Solutions delivers pharmaceuticals to retail pharmacies and institutional providers like hospitals and health systems. They operate pharmaceutical distribution centers across the country, serving customers in all 50 states. They also deliver a comprehensive offering of health care products, technology, equipment and related services to the alternate site market, including physician offices, surgery centers, long-term care facilities and home care businesses across the country. McKesson is currently the largest pharmaceutical distributor in North America. McKesson also operates McKesson Canada and has an equity holding in Nadro, a leading distributor in Mexico.

McKesson is an American pharmaceutical distribution company that was founded in 1833 as Olcott & McKesson. In 1853, the company became known as McKesson & Robbins following the death of one of the partners, Olcott. The company was one of the first wholesale firms to manufacture drugs. In 1893, founder John McKesson died, and his heirs left the company to form the New York Quinine and Chemical Works.

By 1900, McKesson & Robbins had partially consolidated its industry by convincing several large wholesale drug distributors to become its subsidiaries. However, the company faced troubles in 1909 when the Musica team was arrested. The company faced similar charges in 1913.

In 1926, the company was sold to Frank D. Coster. In 1928, the company was incorporated as McKesson & Robbins, becoming a public company. The company earned $4.1 million in profits in 1929.

In 1938, Coster's true identity was revealed when a company treasurer's concern over the way the profits were being handled led to an investigation of McKesson & Robbins. Coster shot himself in 1939, and the company returned to normal business.

The company acquired Zee Medical in 1983 and Armor All Products in 1979 as it entered the car protection products industry. The early 1980s saw the company put in place practices that made it a leader in wholesale practices, and it made acquisitions to strengthen its role as a major distributor of healthcare products.

The company was renamed McKesson Corporation in 1984, and acquisition became a key component of its management strategy. In 1990, the company gained control of Medis Health and Pharmaceutical, Canada's major drug wholesaler.

In 1993, Merck & Co. bought rival drug distributor Medco Containment for $6.6 billion, and McKesson CEO Seelenfreund looked to the company's future in the annual report for 1993.

After the acquisition of PCS, McKesson continued to expand its services through various acquisitions and partnerships. In 1998, McKesson acquired HBO & Company, a provider of healthcare information systems, for $14.5 billion. The acquisition made McKesson the largest healthcare IT company in the world.

In the early 2000s, McKesson focused on expanding its distribution services by acquiring several pharmaceutical distributors, including D&K Healthcare and FoxMeyer Drug. However, the FoxMeyer Drug acquisition turned out to be a costly mistake for McKesson. The company was later forced to pay a $960 million settlement to the creditors of FoxMeyer Drug, which had filed for bankruptcy before the acquisition.

In 2006, McKesson made a strategic move to expand its presence in the technology sector by acquiring RelayHealth Corporation, a provider of electronic prescribing and health information exchange services. The acquisition helped McKesson to establish a strong foothold in the rapidly growing field of health IT.

In recent years, McKesson has continued to invest heavily in technology, particularly in areas such as data analytics, artificial intelligence, and robotics. The company has also focused on expanding its specialty pharmaceutical services, which provide medications for complex and chronic diseases such as cancer, HIV, and multiple sclerosis.

Today, McKesson is a global leader in healthcare services and technology, with operations in over 16 countries. The company employs over 80,000 people worldwide and generated revenue of $231 billion in fiscal year 2021. Despite its size, McKesson remains committed to its mission of improving patient care and satisfaction by providing comprehensive pharmacy solutions.

According to McKesson, the company mission is: "to provide comprehensive pharmacy solutions that improve productivity, profitability and result in superior patient care and satisfaction. In this statement, the focus is on the influence of McKesson on the quality of care that patients receive".

This mission statement highlights the company's commitment to providing comprehensive pharmacy solutions that aim to improve productivity, profitability, and ultimately, patient care and satisfaction. This mission reflects the company's dedication to creating value for its customers, while also striving to make a positive impact on the healthcare industry as a whole.

One of the key aspects of McKesson's mission is its focus on improving patient care and satisfaction. The company recognizes that the ultimate goal of healthcare is to improve patient outcomes and enhance the overall quality of care. To this end, McKesson offers a range of solutions and services that are designed to help healthcare providers optimize their operations and deliver high-quality care to patients.

In addition to its focus on patient care and satisfaction, McKesson's mission statement also emphasizes the importance of productivity and profitability. By helping healthcare providers operate more efficiently and effectively, McKesson enables them to achieve greater financial success, which can in turn lead to increased investment in patient care and other critical areas.

According to the company website, McKesson vision is: "to improve care in every setting one product, one partner, one patient at a time and the company is making this happen every day by touching virtually every aspect of healthcare".

The company's vision reflects their commitment to improving healthcare outcomes at every level. The company's focus on "one product, one partner, one patient at a time" emphasizes its dedication to providing personalized care to individual patients. This approach recognizes that healthcare is not a one-size-fits-all industry and that patients have unique needs that require tailored solutions.

McKesson's vision also highlights the importance of collaboration and partnerships within the healthcare industry. By working closely with healthcare providers, payers, and other stakeholders, the company is able to develop comprehensive solutions that address the needs of all parties involved in delivering care.

The company's focus on "touching virtually every aspect of healthcare" reflects its position as a major player in the industry. With a broad portfolio of products and services, McKesson has a significant impact on the way healthcare is delivered and managed across the entire care continuum.

Pharmaceutical distribution: McKesson is one of the largest pharmaceutical distributors in the world. It offers a comprehensive portfolio of pharmaceutical products and services, including wholesale distribution, specialty pharmacy, and pharmaceutical sourcing.

Medical-surgical supply management: McKesson offers a range of medical-surgical products, including medical supplies, equipment, and surgical products. It also offers supply chain management services to help healthcare organizations improve their supply chain efficiency.

Healthcare technology solutions: McKesson provides healthcare technology solutions to help healthcare organizations improve their operations and patient care. This includes electronic health record (EHR) systems, revenue cycle management software, and population health management tools.

Prescription technology solutions: McKesson provides prescription technology solutions to help pharmacies and healthcare providers manage prescription orders and medication dispensing. This includes pharmacy management systems, electronic prescribing tools, and medication synchronization programs.

Business consulting: McKesson offers business consulting services to help healthcare organizations improve their performance and achieve their strategic goals. This includes advisory services, performance improvement, and supply chain optimization.