McKesson Renames Specialty Business Unit ''McKesson Specialty Care Solutions'' Following Completion of OTN IntegrationOctober 27, 2008 |
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SAN FRANCISCO--(BUSINESS WIRE)--McKesson Corporation (NYSE:MCK) announced today that it has renamed its specialty pharmaceutical business unit “McKesson Specialty Care Solutions.” The business includes the former McKesson Specialty, as well as Oncology Therapeutics Network (OTN), which was acquired by McKesson in October 2007. “Our new name reflects the complete spectrum of services we provide to the specialty pharmaceutical market, which is the fastest-growing and most dynamic segment of healthcare today,” said McKesson Specialty Care Solutions president, Patrick Blake. “Reimbursement, financial, clinical and legislative changes emerge rapidly and demand quick, effective solutions from industry experts. With the integration of OTN complete, we are aligned to provide superior support to every stakeholder in the specialty healthcare continuum, from biotech and pharmaceutical manufacturers, to oncology and other specialty physician practices, to payors.” Last year’s acquisition of OTN made McKesson the #1 distributor of rheumatology pharmaceuticals and the nation’s second largest specialty pharmaceutical distributor overall. The OTN acquisition included Onmark, a leading group purchasing organization (GPO) with a special focus on community-based oncology. The purchase followed McKesson’s 2006 acquisition of the National Oncology Alliance (NOA), another oncology GPO, exemplifying the company’s desire for leadership in oncology capabilities and services. As part of the business integration, NOA and Onmark have consolidated to a single GPO under the Onmark name, representing over 2,700 member practices and more than 4,700 physicians. The acquisition also complemented McKesson’s technology product portfolio with the addition of OTN’s proprietary Lynx® technology platform. The Lynx solutions integrate with TotalView®, a strategic reimbursement tool for manufacturers and providers. About McKesson Specialty Care Solutions McKesson Specialty Care Solutions, a business unit of McKesson Corp., delivers the services manufacturers, payors and providers need to ensure pharmaceutical products, coordinated reimbursement, and clinical services are available to patients with complex diseases. Its Onmark GPO, world-class Lynx® technology platform and clinical tools, provide manufacturers and providers with value-added information that helps improve efficiencies and patient safety and care. About McKesson McKesson Corporation, currently ranked 18th on the Fortune 500, is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes and improving the quality and safety of patient care. McKesson is the longest-operating company in healthcare today, marking its 175th anniversary this year. Over the course of its history, McKesson has grown by providing pharmaceutical and medical-surgical supply management across the spectrum of care; healthcare information technology for hospitals, physicians, homecare and payors; hospital and retail pharmacy automation; and services for manufacturers and payors designed to improve outcomes for patients. For more information, visit www.mckesson.com.
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