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McKesson Corp (MCK.N)

MCK.N on New York Stock Exchange

170.36USD
19 Jan 2018
Change (% chg)

$-1.42 (-0.83%)
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Latest Key Developments (Source: Significant Developments)

Three U.S. state treasurers ask McKesson to help address opioid epidemic
Tuesday, 25 Jul 2017 12:13pm EDT 

July 25 (Reuters) - State Treasurers of Illinois, Pennsylvania and West Virginia::State Treasurers of Illinois, Pennsylvania and West Virginia send letter to McKesson Corp to help address heroin and opioid epidemic.State Treasurers of Illinois, Pennsylvania, West Virginia ask McKesson to change company bylaws to provide for an independent board chair - letter.Treasurers of Illinois, Pennsylvania, West Virginia ask McKesson to connect executive compensation with progress in combating opioid epidemic - letter.Should McKesson not act upon request, treasurers will re-evaluate state’s investment position in company.  Full Article

McKesson reaffirms fiscal 2018 guidance
Wednesday, 28 Jun 2017 08:30am EDT 

June 28 (Reuters) - McKesson Corp :McKesson reaffirms fiscal 2018 guidance.FY2018 earnings per share view $12.14, revenue view $205.28 billion -- Thomson Reuters I/B/E/S.  Full Article

Mckesson CEO John Hammergren's FY2017 total compensation was $20.1 mln
Friday, 16 Jun 2017 08:33am EDT 

June 16 (Reuters) - Mckesson Corp :CEO John Hammergren's FY 2017 total compensation was $20.1 million versus $23.6 million in fy 2016 - SEC filing.CFO James Beer total compensation in 2017 was $5.1 million versus $6.1 million in 2016.Executive vice president and group president, Paul Julian total compensation in 2017 was $13.1 million versus $15.1 million in 2016.  Full Article

Uniprix shareholders approve at 95% Mckesson Canada's bid to acquire Uniprix
Tuesday, 16 May 2017 05:18pm EDT 

May 16 (Reuters) - Mckesson Corp :At shareholder meeting, shareholders approved 95% to Mckesson Canada's bid to acquire all outstanding shares of Uniprix.  Full Article

Mckesson Canada announces plan to acquire Uniprix
Wednesday, 12 Apr 2017 01:15pm EDT 

Mckesson Canada : Mckesson Canada announces plan to acquire Uniprix, strengthening the future of independent pharmacy in quebec .Mckesson Canada - as part of acquisition, individual pharmacies will remain independently owned.  Full Article

Mckesson anticipates recording pre-tax gain of about $2.9 to $3.5 bln in Q4
Thursday, 2 Mar 2017 11:05am EST 

Mckesson Corp : As a result of net gain from transaction, co to add about $10.70-$12.35 in Q4 GAAP earnings per share from continuing operations . Mckesson provides financial update to reflect creation of a new healthcare information technology company . Sees FY 2017 earnings per share $20.35 to $22.50 from continuing operations . Q4 earnings per share view $3.15 -- Thomson Reuters I/B/E/S . Previous fiscal 2017 guidance range updated to reflect timing effect related to closing of transaction . In conjunction with creation of new company, change healthcare raised approximately $6.1 billion in debt . In its Q4 results, Mckesson anticipates recording a pre-tax gain of approximately $2.9 billion to $3.5 billion . Mckesson owns approximately 70 pct of change healthcare, with remaining equity ownership held by CHC stockholders . Sees 2017 earnings per share of $12.45 to $12.75/diluted share, which excludes about $1.28 to $1.30 in charges to adjusted earnings related to goodwill impairment . Mckesson's 70 pct share of change healthcare's initial annual interest expense run rate is expected to be approximately $200 million . Mckesson will account for its equity share of change healthcare's earnings on a one-month lag . Mckesson says non-cash adjustment from transaction close process to reduce co's reported earnings in fiscal 2018 by approximately $140 million to $170 million.  Full Article

Mckesson announces purchase of CoverMyMeds
Thursday, 26 Jan 2017 07:00am EST 

McKesson Corp : McKesson announces purchase of CoverMyMeds, a Francisco Partners portfolio company . McKesson Corp - deal for to $1.4 billion .Once transaction closes, CoverMyMeds CEO Matt Scantland will continue to lead CoverMyMeds with existing leadership team.  Full Article

McKesson to acquire CoverMyMeds for about $1.1 bln
Wednesday, 25 Jan 2017 04:10pm EST 

McKesson Corp - : McKesson reports fiscal 2017 third-quarter results . Q3 adjusted earnings per share $3.03 . Q3 gaap earnings per share $2.86 from continuing operations . Q3 revenue $50.1 billion versus i/b/e/s view $50.5 billion . Q3 earnings per share view $2.91 -- Thomson Reuters I/B/E/S . Sees FY 2017 adjusted earnings per share $12.60 to $12.90 from continuing operations . Sees FY 2017 gaap earnings per share $9.80 to $10.30 from continuing operations . To acquire CoverMyMeds for approximately $1.1 billion, or $0.9 billion net of incremental cash tax benefits . FY2017 earnings per share view $12.54 -- Thomson Reuters I/B/E/S . Deal includes a maximum $0.3 billion of consideration contingent upon CoverMyMeds' financial performance through fiscal year ending 2019 .CoverMyMeds provides electronic prior authorization solutions to pharmacies, providers, payers and pharma manufacturers.  Full Article

Innerworkings expands partnership with McKesson
Wednesday, 21 Dec 2016 09:13am EST 

Innerworkings Inc :Innerworkings Inc says expansion of its ongoing relationship with healthcare services provider Mckesson Corporation.  Full Article

McKesson and Change Healthcare announce termination of Hart-Scott-Rodino act waiting period for the creation of a new healthcare information technology company
Wednesday, 21 Dec 2016 08:30am EST 

McKesson Corp : McKesson and Change Healthcare announce termination of Hart-Scott-Rodino act waiting period for the creation of a new healthcare information technology company .Acquisition is expected to close in first half of calendar year 2017.  Full Article

BRIEF-Mckesson Corp Says Co's Committee Approved An Annual Base Salary Of $750,000 For CFO

* MCKESSON CORP SAYS ON JAN 4, CO'S COMPENSATION COMMITTEE APPROVED AN ANNUAL BASE SALARY OF $750,000 FOR CFO BRITT VITALONE - SEC FILING Source text for Eikon: (http://bit.ly/2qQlDK1) Further company coverage: