Member access

4-Traders Homepage  >  Shares  >  Nyse  >  McKesson Corporation    MCK   US58155Q1031

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

McKesson Corporation : McKesson wins new two-year Veterans Affairs contract

04/11/2012 | 07:02pm US/Eastern

(Reuters) - Pharmaceutical wholesaler McKesson Corp on Wednesday said it was selected by the U.S. Department of Veterans Affairs to continue as the VA's prime pharmaceutical supplier for at least two more years.

News of the contract, which includes options for up to three two-year extensions, sent shares of McKesson up more than 4 percent in after hours trading.

The new agreement, valued by the VA at over $31.6 billion, calls for McKesson to supply all of the VA's more than 700 medical centers and outpatient clinics, as well as its seven consolidated mail outpatient pharmacies.

"Over the past eight years, McKesson has partnered with the VA to serve the healthcare needs of America's veterans," Paul Julian, the company's executive vice president and group president, said in a statement.

The VA, which estimated savings of about $3.26 billion through the life of the contract, said the new agreement goes into effect on May 10.

Shares of McKesson, which closed at $87.90 on the New York Stock Exchange, were trading at $91.89 after hours.

(Reporting By Deena Beasley, editing by M.D. Golan)

Recommend :
React to this article
4d ago BARCLAYS : Two Cormant-CS DCIM Customers Reach Over US$10 Million Combined Savin..
4d ago MCKESSON : Nonprofit Kicks Off National Bus Tour to Collect Words of Comfort for..
4d ago MCKESSON : Hayat Health Mart Pharmacy Wins Pharmacy of the Year from McKesson
5d ago MCKESSON : Releases All New Pharmaserv
5d ago MCKESSON : Health Mart Helps Level the Playing Field for Independent Pharmacies
5d ago MCKESSON : Launches New Adherence Performance Solution
6d ago MCKESSON : Announces 2014 Pharmacy of the Year Winner at McKesson ideaShare
07/19 MCKESSON : Five Hospitals Honored for Commitment to Quality
07/16 ACCRETIVE HEALTH : Names Emad Rizk, M.D. as President and CEO
07/16 House Energy and Commerce Committee - Hearing
Duration : Period :
McKesson Corporation Technical Analysis Chart | MCK | US58155Q1031 | 4-Traders
Income Statement Evolution
McKesson Corporation : Income Statement Evolution
More Financials
Dynamic quotes