McKesson (MCK)

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MCK Sees Net Loss in Q4 Due to Litigation Expense 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 Reports Strong First Quarter McKesson reported strong growth in the first fiscal quarter as revenues grew approximately 5% and gross profit increased 7%. McKesson announces plans to acquire Awarix McKesson announced its plans to purchase Awarix, a healthcare management software company. McKesson and JP Morgan Chase Announce Strategic Partnership 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 Announces Acquisition of Practice Partner McKesson announced plans to acquire Physician Micro Systems Inc., also known as Practice Partner, a healthcare software company. Sale of Acute-Care Medical-Surgical Supply Business McKesson finalizes sale of its medical-surgical solutions for acute-care facilities to Owens & Minor.

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