http://www.reuters.com/article/us-mckesson-m-a-changehealthcare-idUSKCN0Z70A6
11 replies (most recent on top)
http://finance.yahoo.com/news/mckesson-shares-could-rise-15-191635999.html
NEW YORK, June 12 (Reuters) - Shares of McKesson Corp could rise more than 15 percent as the pharmaceutical distributor trims costs and gains new clients, according to a report in the financial publication Barron's.
McKesson plans to save about $300 million in part by eliminating some of its U.S. workforce, Barron's reported.
Walmart is also exclusively using the company to procure generic pharmaceuticals in the U.S., it added.
McKesson's network of approximately 4,600 independent pharmacies has grown its store base annually at about 15 percent since 2007.
The company is the second largest in specialty drugs, with a strength in drugs for cancer, Barron's said, citing JP Morgan.
McKesson's size also helps reduce the negative effects of fewer generic drugs coming to the market, the financial publication reported.
Bottom line is McKesson is crap at managing tech, they don't know how to run it, and are unwilling to invest, and they know it, they've known it for a long long time, just can't accept that in an age of technology, they suck. They're good at drug arbitrage, period, as long as republicans are in office, and scooping up more companies to be able to pronounce themselves Fortune 5 while they take their corporate jets and fancy cars. It's not real profit, it's buying more more more to boost egos and executive pay checks. Sad state.
Not Google Health but their new health division. They still have goals to have an EMR that is online and integrated with clinical and payer data per the rumor mill. It would at least solve their problem of not having any customers. They'd have some. A very unhappy some from EMR. They want to be able to implement solution for customers and payers without requiring multi-million dollar installs and training a la Epic. Also heard Cerner particularly to be able to take over more of market from Epic and to have more payer connection or something. Not 100% sure what their Financial portion of MTS does but probably different than Cerner.
I didn’t get a note out last week due to some fun travel on Friday! While it was a short week due to the holiday we had a productive week and completed our first submission of our long range plan for FY18 – FY20. At our next PDCD all hands call I’ll give everyone a brief overview of what we do in our long range plans and that overall process.
I, like many of you, noticed the Wall Street Journal McKesson news on the Internet last week where various people speculated on McKesson and specifically on MTS’s plans. Since we are a large publicly traded company we must be very careful to share any information consistently with all stakeholders. That is why our company answer to inquiries must be short and sweet like the following from investor relations:
• There are always rumors in this market and we shouldn't be baited by the media, competitors or fellow employees to get into speculation. We have, and continue to be, focused on the success of our customers and the success of this business.
That is the McKesson perspective and one I share. I can tell you some thoughts from my personal experience as well. When I read the article and then reread it a few times I didn’t see any new information in it that wasn’t publically available for quite some time. The reference to James Beer, for example, has been around a long time and pre-dates MTS’s sale of the Practice Partner business. I took the article as an accumulation of past news and then one person’s speculation on what that might mean in the future. Comments like “It is not clear whether any deal would be for the whole business and there may not be one at all.” keep things vague enough to protect the author while still making a splash with the headline. Just some of my thoughts.
My advice to everyone would be to take the same approach I am taking. Stay focused on improving the customer experience and supporting our team goals. We can’t go wrong by doing that!
Google Health was shut down a few years ago
Reuters also had an article on this: http://www.reuters.com/article/us-mckesson-divestiture-idUSKCN0YP0E3
Where/how did you hear about Google Health?
Yet another cost cutting measure to save McKesson $ and compromise patient care, yet again
McKesson you make me sad :-(
It's about time they get this slog division off the books. They waste so much time and money every year deliberating and keeping those loser leaders on the payroll.
Being sold to Google health is what I'm hearing.