MCK reported a net profit of $201 million (69 cents per share) 1 year ago, while reporting a net loss of $20 million (-7 cents per share). This, however, was in light of a pre-tax litigation charge of $493 million. Excluding this, the company earned $291 million.
McKesson reported strong growth in the first fiscal quarter as revenues grew approximately 5% and gross profit increased 7%.
McKesson announced its plans to purchase Awarix, a healthcare management software company.
McKesson announced a strategic partnership with JP Morgan Chase in the effort to revolutionize and integrate the processes for health insurance claims and payments.
McKesson announced plans to acquire Physician Micro Systems Inc., also known as Practice Partner, a healthcare software company.
McKesson finalizes sale of its medical-surgical solutions for acute-care facilities to Owens & Minor.