Member access

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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)

React to this article
Latest news on MCKESSON CORPORATION
01:42a MCKESSON : InSight User Group Debuts New Logo and Service Expansion
01:39a MCKESSON : Southfield Radiology Associates Leverages McKesson Business Performan..
03/30 MCKESSON : Provides Illinois Radiology Group with Revenue Cycle, Financial Manag..
03/27 MCKESSON : Helps Southfield Radiology Associates Stabilize Billing
03/26 MCKESSON : Medica and Minnesota Oncology Collaborate to Improve Patient Support ..
03/26 MCKESSON : Missouri Cancer Associates Urges Men and Women to Get Screened for Co..
03/22DJMARKET SNAPSHOT : Energy Companies And Exporters Expected To Drag On S&P Earning..
03/14 MCKESSON : Care Management Gets NCQA Accreditation for Case Management
03/13 MCKESSON : What next for Black Lives Matter in Ferguson after city's police shoo..
03/11 MCKESSON : to close La Crosse warehouse, costing 70 jobs
Advertisement
Chart
Duration : Period :
McKesson Corporation Technical Analysis Chart | MCK | US58155Q1031 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF