Mckesson's Strategic Alliances
McKesson has established several strategic alliances to include acquisitions which have helped the company expand across the United States and overseas. The company has grown over the years since it first started and its biggest success in expansion has come from its alliances and acquisitions in healthcare and technology companies. Most recently McKesson 2014, “Acquired Celesio to become a global healthcare leader moving its ranking to 11th on the Fortune 500 with more than $179 billion in annual revenue” (McKesson). Celesio Pharmaceuticals Ltd is an international pharmaceutical wholesaler. McKesson’s motivation in purchasing Celesio was to expand its reach internationally while increasing its revenue. What McKesson is adding to his company
is that “Celesio operates in 13 countries in Europe and employs around 37,000 people… [with] wholesale operations in 10 countries and are one of the leading providers in Europe” (Celesio). This is just one company in the arsenal of alliances and acquisition that McKesson currently has.
A big company in the United States that is well recognized is Walmart. The alliance with Walmart “Includes expanding a long-term distribution agreement, means a bigger role in sourcing most of the 6,000-plus generic drug sold by Wal-Mart in the United States” (Layne, 2016). Additional this will allow McKesson to continue to expand with a well-known retailer while also increasing revenue. After establishing the alliance with Walmart, “Shares of McKesson rose 4.1 percent to $172.80 on the news” (Layne, 2016). The overall goal in both of these cases was to expand and reach people both internationally and local while increasing revenue. In the first example, it allowed McKesson to expand across Europe while with Walmart spreading across one of the leading retailers in the United States.
is that “Celesio operates in 13 countries in Europe and employs around 37,000 people… [with] wholesale operations in 10 countries and are one of the leading providers in Europe” (Celesio). This is just one company in the arsenal of alliances and acquisition that McKesson currently has.
A big company in the United States that is well recognized is Walmart. The alliance with Walmart “Includes expanding a long-term distribution agreement, means a bigger role in sourcing most of the 6,000-plus generic drug sold by Wal-Mart in the United States” (Layne, 2016). Additional this will allow McKesson to continue to expand with a well-known retailer while also increasing revenue. After establishing the alliance with Walmart, “Shares of McKesson rose 4.1 percent to $172.80 on the news” (Layne, 2016). The overall goal in both of these cases was to expand and reach people both internationally and local while increasing revenue. In the first example, it allowed McKesson to expand across Europe while with Walmart spreading across one of the leading retailers in the United States.