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McKesson

A look at four forces shaping independent Rx business

CHICAGO — In the opening general session of McKesson ideaShare 2016 in Chicago, Chris Dimos, McKesson’s senior vice president for corporate strategy and business development, highlighted four major forces impacting the health care provided by independent pharmacies. These forces — generics scale; consolidation and integration; product mix shift; and reimbursement, performance and access— are shaping

Pharmacy players rise in Fortune 500

Pharmacy players rise in Fortune 500

Players in the retail pharmacy space accounted for three of the top 10 spots in the 2016 Fortune 500 list of the nation’s largest companies by revenue. Coming in again at No. 1 overall on the annual list, released this week, was the world’s largest retailer, Walmart, with sales of $482.13 billion. The company is

Report: McKesson mulling options for tech solutions unit

Report: McKesson mulling options for tech solutions unit

McKesson Corp. is exploring a potential separation of its McKesson Technology Solutions business, according to the Wall Street Journal. The Journal report, citing anonymous sources at the drug distribution giant, said options for the McKesson Technology Solutions unit might involve a sale or a merger. McKesson Technology Solutions’ sales declined 5% year over year to

Walmart, McKesson team up for generic drug sourcing

Walmart, McKesson team up for generic drug sourcing

BENTONVILLE, Ark. — Walmart has become the latest retailer to ally with a pharmaceutical distributor for generic drug sourcing. The mass merchandiser’s partnership with McKesson Corp. includes an expanded long-term distribution pact and will add scale and value for both companies, they said. The agreement positions Walmart and McKesson to compete with partnerships between Walgreens

McKesson-Walmart deal creates ‘intriguing alignment,’ expert says

McKesson-Walmart deal creates ‘intriguing alignment,’ expert says

The expanded distribution agreement between McKesson and Walmart not only brings McKesson a generic drug customer it had been pursuing, but it also “finalizes an intriguing industry channel alignment,” according to pharmacy supply chain expert Adam Fein, president of Pembroke Consulting. In a posting Tuesday on his Drug Channels blog, Fein noted that Walmart was

McKesson, Walmart expand Rx distribution pact

McKesson, Walmart expand Rx distribution pact

SAN FRANCISCO and BENTONVILLE, Ark. — McKesson Corp. and Walmart have expanded their long-term pharmaceutical distribution pact, including a new sourcing agreement for generic drugs. McKesson and Walmart said Monday that the expanded relationship is “a natural next step.” The companies will collaborate on sourcing generics for their U.S. operations, a move that they said

Health Mart helps bridge competitive gap

Health Mart helps bridge competitive gap

SAN FRANCISCO — Health Mart has spurred its rapid growth by helping to level the competitive playing field for its member pharmacies with innovative programs and tools, according to president Steve Courtman. The McKesson Corp. pharmacy franchise, now with 4,610 locally owned pharmacies in all 50 states, has seen its ranks swell by more than

Report: McKesson cutting 1,600 jobs

Report: McKesson cutting 1,600 jobs

McKesson is laying off 1,600 employees, or 4% of its U.S. workforce, in the wake of losing some key clients, Bloomberg reported late Wednesday. The nation’s largest pharmaceutical distributor, McKesson started informing staff about the cuts in the middle of this month after having done a strategic review in January, according to Bloomberg. Of late,

McKesson adds Rexall Health to Canadian holdings

McKesson adds Rexall Health to Canadian holdings

TORONTO — McKesson Corp.’s $2.2 billion deal to acquire Rexall Health from Katz Group will strengthen the drug distributor’s position in Canada’s pharmaceutical supply chain. McKesson said the agreement is a natural next step for two companies that have worked together for over 20 years. In 2012, McKesson bought Katz’s 1,100-store banner operation covering I.D.A.,

Battle to build scale is now a global contest

Battle to build scale is now a global contest

  McKesson Corp.’s agreement to acquire Rexall Health from Katz Group is notable in several respects. The transaction alters the balance of power in the Canadian pharmacy market. In addition, it offers confirmation, if any were needed, of the relentless drive among major players in the sector to increase their scale and, in the process,

McKesson to acquire Rexall for $2.2 billion

McKesson to acquire Rexall for $2.2 billion

SAN FRANCISCO and TORONTO — McKesson Corp. plans to acquire Canadian drug store operator Rexall Health from Katz Group for $2.2 billion ($3 billion Canadian). McKesson said Wednesday that the deal will strengthen its position in Canada’s pharmaceutical supply chain and is a natural step for the two companies, which have worked together for more

McKesson teams up with mscripts

SAN FRANCISCO — McKesson Patient Relationship Solutions (MPRS) is partnering with mscripts LLC on a new-to-market solution aimed at improving pharmacy customers’ medication adherence and fostering patient engagement. Available beginning in March, the solution will provide pharmacy customers with digital coupons via two-way text messaging or a mobile app. The companies said that by providing

McKesson, CVS sign new pact for Target Rx

McKesson, CVS sign new pact for Target Rx

SAN FRANCISCO — McKesson Corp. announced a new distribution pact with CVS Health for Target pharmacies in updating its earnings outlook for fiscal 2016 and providing preliminary guidance for fiscal 2017. McKesson said that for the 2016 fiscal year ending March 31, it now projects adjusted earnings per diluted share of $12.60 to $12.90, compared

Health Mart kicks off Town Hall events tour

Health Mart kicks off Town Hall events tour

SAN FRANCISCO — Through early 2016, Health Mart plans to host more than 100 Town Hall continuing education events nationwide to promote medication synchronization programs among its member pharmacies. The McKesson pharmacy franchise said Monday that the “Get in Sync: Medication Synchronization” Town Hall events will encourage pharmacists to consider an appointment-based model with med