McKesson Corporation

McKesson Corporation

McKesson Corporation

Overview
Date Founded

1833

Headquarters

ONE POST ST, SAN FRANCISCO, CA, 94104, USA

Type of Company

Public

Employees (Worldwide)

80K

Industries

Wholesale: Consumer Non-Durables/Sundries
Hospitals & Patient Services
Medical Products & Equipment
IT Consulting & Services
Computer Software
Biotechnology

Company Description

McKesson is dedicated to delivering the vital medicines, medical supplies and information technologies that enable the health care industry to provide patients better, safer care. McKesson is made up of many businesses, all serving the health care industry. Our businesses fall into one of two primary categories: Distribution solutions. We are the largest pharmaceutical distributor in North America, distributing one-third of the medicines used every day. As one of the leading pharmaceutical companies, we supply more than 40,000 U.S. pharmacy locations, from Wal-Mart to the Department of Veterans Affairs to community pharmacies and hospitals. McKesson is also one of the leading medical supply companies and distributes medical-surgical supplies and homecare supplies. Healthcare Technology solutions. We develop and install healthcare information technology systems that eliminate the need for paper prescriptions and paper medical records. Our software and hardware are used in more than 70% of the nation's hospitals with more than 200 beds. Our hospital information system solutions include electronic health record system (EHR) and clinical decision support system such as Interqual. McKesson's Healthcare IT division also serves diverse areas within the health industry by offering solutions such as pharmacy automation and medical claims management software. McKesson publicly traded on NYSE under MCK Businesses Serving our customers—pharmacies, medical and pharmaceutical manufacturers, hospitals, and insurers—as the health care industry evolves is our primary goal. We have business lines to automate processes from medical supplies packaging to claims management, and revenue cycle management to medical imaging. McKesson's long history in pharmaceutical industry History McKesson has a long history in health care. We’ve been a trusted provider of medical supplies and goods for more than 175 years.

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Executives & Employees

Chairman of the Board & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Chief Legal Officer, Executive Vice President & General Counsel

Executive Vice President, Chief Information & Technology Officer

Executive Vice President & Chief Human Resources Officer

Chief Accounting Officer, Senior Vice President & Controller

Executive Vice President & Chief Strategy & Business Development Officer

Executive Vice President, Chief Technology & Information Officer

Senior Vice President, Taxes

Attorney

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Owners & Shareholders
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Boston Partners primarily provides advice using a value style approach for large-cap equity, mid-cap equity, small-cap equity, long/short equity, alpha extension, global equity, and international equity. Their investment process is grounded in bottom-up fundamental analysis. The firm employs an efficient and repeatable investment process designed to identify companies with: attractive valuations, sound business fundamentals and improving business momentum. Boston Partners’ investment strategies include several long/short equity products which include selling securities short. The securities sold short may not be considered “value” securities but are considered to be overvalued by Boston Partners on its quantitative screening and fundamental security analysis. For certain long/short portfolios, they use single name security swaps, negotiated on a bilateral basis and not cleared through a central clearing facility. Swaps are used to provide short exposure in markets where physical shorting is not allowed or to obtain exposure to a security to manage margin requirements more efficiently.

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Citadel Advisors employs, for the benefit of the funds, proprietary investment strategies based upon fundamental research as well as on quantitative analysis. The firm invests in the global public equity, fixed-income, credit and options markets.

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LSVAM is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSVAM uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. They select individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions.

Recent Transactions
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Change Healthcare, Inc., McKesson Corporation purchase Mdsave, Inc. from Windrose Health Investors LLC

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McKesson Corporation, Change Healthcare, Inc. purchase PokitDok, Inc. from Oakhouse Partners LLC, McKesson Ventures LLC, Charles River Ventures, Inc., Rogers Venture Partners LLC, Ballast Fund Management Co. LLC, New Ground Ventures, Lemhi Ventures, Inc., Healthy Ventures Management LLC, NAV Management LLC

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McKesson Corporation purchases Medical Specialties Distributors LLC from New Mountain Capital LLC, North Sky Capital LLC

Insider Transactions
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Transaction Advisors
Accountant

Advised onMcKesson Corporation purchases HBO & Company

Legal Advisor

Advised onMcKesson Corporation purchases McQueary Bros. Drug Co.

Investment Advisor

Advised onMcKesson Corporation purchases HBO & Company

Legal Advisor

Advised onMcKesson Corporation purchases Medical Specialties Distributors LLC from New Mountain Capital LLC, North Sky Capital LLC

Legal Advisor

Advised onMcKesson Corporation purchases Per-Se Technologies, Inc. from ValueAct Capital Management LLC

Counsel

Advised onMcKesson Corporation purchases Medical Specialties Distributors LLC from New Mountain Capital LLC, North Sky Capital LLC

Advisors & Consultants
Advisor

Chief Financial Officer at Atlassian Corp. Plc

Advisor

President, Healthcare at GoodRx, Inc.

Legal Advisor

Partner at Morris, Manning & Martin LLP

Clients

CVS Health Corp. engages in the provision of health care services. It operates through the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioural health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

Rite Aid Corporation is one of the nation's leading drugstore chains with approximately 4,700 stores in 31 states and the District of Columbia, with a strong presence on both the East and West coasts, and 91,000 associates. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S. The company is publicly traded on the New York Stock Exchange under the ticker RAD.

Shands Teaching Hospitals & Clinics, Inc. provides medical and healthcare services. The firm operates a home care program, a behavioral health facility, and a children's hospital. The company was founded in 1958 and is headquartered in Gainesville, FL.

Key Stats and Financials As of 2020
Market Capitalization
$24.8B
Total Enterprise Value
$31.6B
Earnings Per Share
$4.95
Revenue
$231B
Net Profit
$900M
EBITDA
$3.93B
EBITDAMargin
1.7%
Total Debt
$9.4B
Total Equity
$6.71B
Enterprise Value Sales
0.14x
Enterprise Value EBITDAOperating
7.53x
TEVNet Income
35.14x
Debt TEV
0.3x
Three Year Compounded Annual Growth Rate Of Revenue
5.19%
Five Year Compounded Annual Growth Rate Of Revenue
5.23%
Non-Profit Donations & Grants
Non-Profit Donations & Grants Received
$22.7K
12/31/2012
Political Donations
$1,000
2014
$750
2014
$2,500
2014
Investments
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Predictive Health Technologies, Inc. provides healthcare technology services. The company was founded by Ralph D. Snyderman and Jason M. Langheier in 2004 and is headquartered in Durham, NC.

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MedVantx, Inc. provides medication access, adherence, and direct-to-patient consumer programs. It offers prescription assistance, patient engagement, anticipatory logistic solutions, and omni-channel platform. The company was founded Levin Scott Bechtler, Paul Cattaneo, and Robert J. Feeney Jr. in 2000 and is headquartered in San Diego, CA.

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RelayHealth Corp. provides online healthcare communication services. Its network is designed to streamline clinical, financial and administrative communication between patients, providers, payers, pharmacies, pharmaceutical manufacturers, and financial institutions. The firm works to accelerate the delivery of care and improve financial performance through solutions such as online consultation of physicians by patients, electronic prescribing, point-of-service pharmacy claims resolution by payers, pre-visit patient financial clearance by providers, and post-visit provider bill settlement by payers and patients. The company was founded by Assaf Morag, Niall Murphy, Ofir Baharav, Giovanni M. Colella, and Gary Gannot and is headquartered in Alpharetta, GA.

Investors
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Managing Partner at Asset Management Co.

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Chairman & Chief Executive Officer at MBF Healthcare Partners LP

Suppliers
Aceto Corp. Medical Products & Equipment | Port Washington, NY

Aceto functions as a virtual manufacturing company, distributing more than 1,100 chemical compounds used principally as raw materials or finished products. With business operations in nine countries, Aceto’s global reach is distinctive in the industry, enabling the Company to source and supply quality products on a worldwide basis. Leveraging local professionals, Aceto sources more than two-thirds of its products from Asia, buying from approximately 500 companies in China and 200 in India.

Amgen, Inc. Hospitals & Patient Services | Thousand Oaks, CA

Amgen, Inc. is a biotechnology medicines company, which discovers, develops, manufactures and markets medicines for grievous illnesses. The company focuses on human therapeutics and concentrates on innovating novel medicines based on advances in cellular and molecular biology. It markets recombinant protein therapeutics in supportive cancer care, nephrology and inflammation. The company's products include Neulasta, a pegylated protein, based on the Filgrastim molecule and NEUPOGEN, a recombinant-methionyl human granulocyte colony stimulating factor both of which selectively stimulate the production of neutrophils; Enbrel, an inhibitor of tumor necrosis factor, a substance that plays a role in the body's response to inflammatory diseases; Sensipar/Mimpara, a small molecule calcimimetic that lowers serum calcium levels; Vectibix, a monoclonal antibody that binds specifically to the epidermal growth factor receptor; and Nplate, a thrombopoietin receptor agonist that mimics endogenous TPO, the primary driver of platelet production. Amgen was founded by William K. Bowes, Jr., Franklin Pitcher Johnson, Jr., George B. Rathmann and Joseph Rubinfeld on April 8, 1980 and is headquartered in Thousand Oaks, CA.

Pfizer, Inc. Medical Support Services | New York, NY

Pfizer Inc. engages in the discovery, development, and manufacture of healthcare products specializes in medicines, vaccine, and consumer healthcare. It operates through the Pfizer Innovative Health (IH) and Pfizer Essential Health (EH) segments. The IH segment focuses on the development and commercializing medicines and vaccines for internal medicine, oncology, inflammation and immunology, rate disease, and consumer healthcare. The EH segment is involved in development and supply of branded generics, generic sterile injectable products, biosimilars, and select branded products including anti-infectives. The company was founded by Charles Pfizer Sr. and Charles Erhart in 1849 and is headquartered in New York, NY.

Competitors
Cardinal Health, Inc. Wholesale: Consumer Non-Durables/Sundries - Dublin, OH

Cardinal Health, Inc. is a healthcare services and products company, which engages in the provision of customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices. It also provides medical products and pharmaceuticals and cost-effective solutions that enhance supply chain efficiency. The company operates through the following segments: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical and over-the-counter healthcare and consumer products. The Medical segment manufactures, sources and distributes cardinal health branded medical, surgical and laboratory products. The company was founded by Robert D. Walter in 1979 and is headquartered in Dublin, OH.

AmerisourceBergen Corporation Wholesale: Consumer Non-Durables/Sundries - Chesterbrook, PA

AmerisourceBergen Corp. engages provision of pharmaceutical products and business solutions that improve access to care. It operates through the Pharmaceutical Distribution Services and Other segments. The Pharmaceutical Distribution Services segment distributes a comprehensive offering of brand-name, specialty brand-name & generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies & equipment, outsourced compounded sterile preparations, and related services to a wide variety of healthcare providers, including acute care hospitals and health systems, independent & chain retail pharmacies, mail order pharmacies, medical clinics, long-term care & alternate site pharmacies, and other customers. The Other segment focuses on global commercialization services and animal health and includes ABCS, World Courier, and MWI. The company is headquartered in Chesterbrook, PA.

Awards & Honors
Rank #5
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #5
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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