- McKesson Corporation
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McKesson Corporation 
Type Public Traded as NYSE: MCK
NASDAQ-100 ComponentIndustry Health care Founded New York City, New York (1833)
as Olcott & McKessonFounder(s) John McKesson
Charles OlcottHeadquarters San Francisco, California, U.S. Key people John Hammergren
(Chairman and CEO)Products Pharmaceuticals
Household products
Medical technology
Health care servicesRevenue 
US$ 108.702 billion (FY 2010)[1]Operating income US$ 2.008 billion (FY 2010)[1]Net income US$ 1.263 billion (FY 2010)[1]Total assets US$ 28.189 billion (FY 2010)[1]Total equity US$ 7.532 billion (FY 2010)[1]Employees 32,500 (March 2010)[1] Website McKesson.com McKesson Corporation (NYSE: MCK) is the largest health care company in the world, with sales of $106.6 billion in 2009.[2]
McKesson is based in the United States and distributes health care systems, medical supplies and pharmaceutical products. Additionally, McKesson provides extensive network infrastructure for the health care industry; also, it was an early adopter of technologies like bar-code scanning for distribution, pharmacy robotics, and RFID tags.[3]
It is a Fortune Global 500 company, and the 15th[4] largest company in the United States.
Founded in New York City as Olcott & McKesson by Charles Olcott and John McKesson in 1833, the business began as an importer and wholesaler of botanical drugs. A third partner, Daniel Robbins joined the enterprise as it grew, and it was renamed McKesson & Robbins following Olcott's death in 1853.
The company successfully emerged from one of the most notorious business/accounting scandals of the 20th century -- the McKesson & Robbins scandal, a watershed event that lead to major changes in American auditing standards and securities regulations after being exposed in 1938. Since the mid-20th Century, McKesson has derived an increasing proportion of its income from medical technology, rather than pharmaceuticals. This culminated in its purchase of medical information systems firm HBO & Company (HBOC) in 1999; the combined firm was 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 firm's name reverted to "McKesson" in 2001.[5] McKesson Technology Solutions, as the information technology branch of the company is now known, has continued to increase its market share through acquisitions, notably Per Se Technologies, RelayHealth, and Practice Partner. In 2010, McKesson acquired leading cancer services company US Oncology, Inc. for $2.16 billion, which was integrated into the McKesson Specialty Care Solutions business.
In addition to its offices throughout North America, McKesson also has international offices in Australia, Ireland, France, the Netherlands, and the United Kingdom. Today, McKesson is one of the oldest continually operating businesses in the United States.
Contents
McKesson Provider Technologies
McKesson Provider Technologies is the retail name for McKesson Technology Solutions; the software development division of McKesson. Their customer base in the United States includes 50% of all health systems, 20% of all physician practices, 25% of home care agencies, and 77% of health systems with more than 200 beds.
In June 20, 2005, McKesson Provider Technologies acquired Medcon, Ltd., an Israeli company which provides Web-based cardiac image and information management solutions for heart centers, that includes: diagnostic digital image management, archiving, procedure reporting, and workflow management.[6]
Health Mart pharmacy franchise
Health Mart is a network of over 2,000 independently owned and operated pharmacies. It is a wholly owned subsidiary of McKesson Corporation, which owns the name "Health Mart." McKesson acquired Health Mart owner FoxMeyer in 1996.
McKesson Canada
In 1991, McKesson Corporation acquires a 100 percent interest in Medis Health and Pharmaceutical Services from Provigo. In 2002, the McKesson Canada name is adopted. McKesson Canada is a wholly owned subsidiary of McKesson Corporation. It includes various business units: McKesson Pharmaceutical, McKesson Automation, McKesson Specialty, McKesson Health Solutions and McKesson Information Solutions.
McKesson in the United Kingdom
In the United Kingdom, McKesson (operating as McKesson Information Solutions UK Ltd) is a provider of information technology services to the health care industry. In addition to numerous clinical software systems and finance and procurement services, McKesson also is responsible for developing the Electronic Staff Record system for the National Health Service which provides an integrated payroll system for NHS's 1.3 million staff, making it the world’s largest single payroll IT system. McKesson Shared Services also provides payroll services for over 20 NHS Trusts, paying over 100,000 NHS members.
McKesson's United Kingdom base is in Warwick with data centers in Newcastle upon Tyne and Romford and offices in Sheffield, Bangor, Glasgow and Vauxhall, South London. Across the United Kingdom, it employs over 500 people.
McKesson in Australia and New Zealand
In Australia and New Zealand, McKesson (operating as McKesson Asia-Pacific) is a provider of telephone-based services to the healthcare industry. McKesson's services include: telephone triage (see also telehealth and telenursing) health information, advice and referral, mental health triage and case management and chronic disease management.
Using specialised health call centre software, McKesson clinical staff take over one million calls per year from the community
McKesson's Asia-Pacific's head office is in Sydney with other offices in Melbourne, Perth, Adelaide, Wellington and Auckland. Across the Asia-Pacific region, it employs close to 700 people.
Facilities
McKesson's global headquarters building in downtown San Francisco.
McKesson Pharmacy Systems, Livonia, MIIn addition to its global headquarters in San Francisco, California, McKesson maintains additional facilities around North America, including:
- Atlanta, Georgia, formerly Per-Se Technologies, formerly NDCHealth
- Durham, North Carolina, formerly Per-Se Technologies
- Birmingham, Alabama, formerly Awarix, Inc
- Richmond, British Columbia, formerly ALI Technologies
- Burnaby, British Columbia, formerly Per-Se Technologies, formerly NDCHealth, formerly TechRx, formerly Zadall
- Phoenix, Arizona, McKesson Health Solutions
- Livonia, Michigan McKesson Pharmacy Systems and Automation (MPS&A), Mckesson Printing Services (prints pharmacy labels)
- Emeryville, California, formerly RelayHealth
- Westminster, Colorado, formerly CliniCom, formerly HBO & Company
- Broomfield, Colorado, formerly Access Health, formerly HBO & Company
- Lake Mary, Florida, formerly HBO & Company
- Alpharetta, Georgia, formerly Per-Se Technologies, formerly HBO & Company's headquarters
- Wheeling, Illinois, formerly Enterprise Systems, Incorporated (ESi), formerly HBO & Company
- Dubuque, Iowa, formerly CyCare, formerly HBO & Company
- Overland Park, Kansas, formerly Enterprise Systems, Incorporated (ESi), formerly HBO & Company
- Overland Park, Kansas, AccessMED LLC., McKesson Specialty Care Solutions
- Hadley, Massachusetts, formerly HBO & Company, formerly Amherst Associates
- Newton, Massachusetts, McKesson Health Solutions
- North Charleston, South Carolina, formerly Per-Se Technologies, formerly Medaphis
- Minneapolis, Minnesota, formerly HBO & Company
- Parsippany, New Jersey, McKesson Cardiology formerly Medcon (USA)
- Springfield, Missouri, formerly HBO & Company
- Charlotte, North Carolina, formerly HBO & Company
- Malvern, Pennsylvania, McKesson Health Solutions
- La Vergne, Tennessee, formerly OTN, formerly Cardinal Health
- Carrollton, Texas
- Westlake, Texas
- Scottsdale, Arizona
- Richmond, Virginia, formerly General Medical, formerly Per-Se Technologies
- Lewisville, Texas, McKesson Specialty Distribution
- Pittsburgh, Pennsylvania, McKesson Automation (formerly Automated Healthcare Inc.)
- Seattle, Washington, formerly Practice Partner, formerly Physician Micro Systems, Inc. (PMSI)
- Tulsa, Oklahoma, formerly CIS Technologies, formerly NDCHealth, formerly Per-Se Technologies
- Toronto, Ontario, McKesson Specialty, formerly Phase 4 Health
- Brampton, Ontario, Distribution Centre
- Saint-Laurent, Quebec, McKesson Automation Solutions
- Oakville, Ontario, McKesson Logistics Solutions
- La Crosse, Wisconsin
See also
- Top 100 US Federal Contractors
References
- ^ a b c d e f "2010 Form 10=K, McKesson Corporation". United States Securities and Exchange Commission. http://www.sec.gov/Archives/edgar/data/927653/000095012310043581/f54765e10vk.htm.
- ^ 2009 Fortune 500 List - Fortune Magazine
- ^ Sick in the head: Why America won't get the health-care system it needs, by Luke Mitchell, Harper's, January 16, 2009
- ^ [1]
- ^ Milt Freudenheim, “McKesson Agrees to Pay $960 Million in Fraud Suit,” ‘’New York Times’’, January 13, 2005, http://www.nytimes.com/2005/01/13/business/13settle.html (accessed March 17, 2008)
- ^ McKesson Completes Acquisition of Medcon Ltd. | Business Wire Aug. 15, 2005
External links
- McKesson Corporation Official Web Site.
- McKesson Canada Official Web Site.
- McKesson Netherlands Official Web Site.
- McKesson France Official Web Site.
- Health Mart Web Site - McKesson Corporation's Independent Pharmacy Franchise.
- High Performance Pharmacy Study by the Executive Alliance.
- McKesson Medication Safety Advantage
- McKesson Promotional Products Store
- McKesson Practice Consulting
Categories:- Companies listed on the New York Stock Exchange
- Companies based in San Francisco, California
- Companies established in 1833
- Multinational companies
- Pharmaceutical companies of the United States
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