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McKesson adding $3 bil. in annual wholesale revenues via completed FoxMeyer buy.

This article was originally published in The Tan Sheet

Executive Summary

McKESSON ADDING $3 BIL. IN REVENUES TO ANNUAL WHOLESALING BASE with the closing of its acquisition of FoxMeyer's health care distribution business. Since FoxMeyer sought Chapter 11 bankruptcy protection at the end of August its "service levels fell below 90%," McKesson said. As a result, FoxMeyer's annualized sales rate has been fluctuating between $2.5 bil. and $3.5 bil., McKesson estimated. McKesson is using the $3 bil. figure as a conservative target for planning purposes, the wholesaler explained.
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