Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  McKesson Corporation    MCK

Delayed Quote. Delayed  - 02/11 04:01:59 pm
150.03 USD   -1.93%
02/09 MCKESSON : to Open Call Center in Port St. Lucie
02/06 MCKESSON : The Baltimore Sun Dan Rodricks column
02/05 MCKESSON : Black Lives Matter Activist Enters Baltimore Mayor's Race
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
02/09 MCKESSON : to Open Call Center in Port St. Lucie
02/06 MCKESSON : The Baltimore Sun Dan Rodricks column
02/05 MCKESSON : Black Lives Matter Activist Enters Baltimore Mayor's Race
02/04 MCKESSON : DeRay Mckesson files to run in Baltimore mayoral race
02/04 MCKESSON : DeRay Mckesson's Baltimore mayoral run brings praise, skepticism
02/03 MCKESSON : Civil rights advocate Mckesson runs for Baltimore mayor
02/02 MCKESSON : Black Lives Matter activist DeRay Mckesson files for mayor
02/02 MCKESSON : Indiana Radiology Group Contracts with McKesson
02/02 MCKESSON : Indiana Radiology Group Contracts with McKesson
02/01DJMcKesson to Sell Brazilian Pharmaceutical Distribution Business
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials