McKesson Corp. definition

McKesson Corp. is one of the largest providers of medicines, pharmaceutical supplies and health information technology (IT) products and services in the United States. The company was founded in 1833 by John McKesson and Charles Olcott in New York City, with a focus on importing and wholesaling pharmaceutical products. McKesson is now a San Francisco-based Fortune 500 company with more than 32,000 employees worldwide. The company is made up of a number of businesses that fall into one of two categories -- distribution and technology.

McKesson Distribution Solutions is the largest pharmaceutical distributor in North America, delivering pharmaceuticals to retail pharmacies and hospitals, while bringing health care products, technology, equipment and related services to medical facilities across the U.S.

McKesson Technology Solutions develops and installs health IT systems for hospitals, physician offices, imaging centers, home health care agencies and payors. These systems include pharmacy and nursing automation, practice management, electronic health record systems, clinical decision support systems and secure online health care communication.

The company's customer base includes physicians, retail pharmacies, long-term care sites, hospitals, medical-surgical manufacturers, homecare agencies, health care payors and pharmaceutical manufacturers. More than 70% of U.S. hospitals with more than 200 beds use McKesson's hardware and software, according to the company.

This was first published in September 2010

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