Analysis and History of Mckesson's Paragon Clinicals Ehr
Title of Paper
Georgia State University
Brydine F. Lewis School of Nursing
NURS 7660 - Fall 2012
Mckesson Corporation is one of the largest health care service providers in the country. The company’s various operations span the health care spectrum and include enterprises such as pharmaceuticals, retail pharmacy automation, surgical supply management, and health care technology solutions.
McKesson was founded in New York City’s financial district in 1833 by Charles Olcott and John McKesson. From the beginning, the company had a history of seizing opportunities for growth and expansion. Although Mckesson began as a wholesaler of chemicals and therapeutic drugs, they took advantage of the increasing global trade market by establishing a reciprocal relationship with many companies in the growing shipping market. “Through these relationships with the shipping industry, the company expanded and increased its distribution of pharmaceuticals to 17 states” (McKesson Corp, 2012).
In 1855, Mckesson was one of the first wholesale houses to manufacture drugs. By the early 1900’s the company again expanded and became a leading distributor of pharmaceutical and drug products in the US. Mckesson soon became a national drug wholesale company, and began to expand its focus on areas of business outside of healthcare.
Mckesson has a long history employing mergers and acquisitions to gain access to novel products and increase its viability in new emerging markets. During the 1960’s, the merger with Foremost Dairies resulted in the formation of Foremost Mckesson Inc., which later became a multiregional distributor of hospital and laboratory supplies and equipment. Even today, acquiring other businesses and products is a large part of the company’s business approach. The following excerpt on this business approach comes from the San Francisco Business Times: “Acquisitions have historically been part of our strategy, and will continue to be in the future,” stated
Georgia State University
Brydine F. Lewis School of Nursing
NURS 7660 - Fall 2012
Mckesson Corporation is one of the largest health care service providers in the country. The company’s various operations span the health care spectrum and include enterprises such as pharmaceuticals, retail pharmacy automation, surgical supply management, and health care technology solutions.
McKesson was founded in New York City’s financial district in 1833 by Charles Olcott and John McKesson. From the beginning, the company had a history of seizing opportunities for growth and expansion. Although Mckesson began as a wholesaler of chemicals and therapeutic drugs, they took advantage of the increasing global trade market by establishing a reciprocal relationship with many companies in the growing shipping market. “Through these relationships with the shipping industry, the company expanded and increased its distribution of pharmaceuticals to 17 states” (McKesson Corp, 2012).
In 1855, Mckesson was one of the first wholesale houses to manufacture drugs. By the early 1900’s the company again expanded and became a leading distributor of pharmaceutical and drug products in the US. Mckesson soon became a national drug wholesale company, and began to expand its focus on areas of business outside of healthcare.
Mckesson has a long history employing mergers and acquisitions to gain access to novel products and increase its viability in new emerging markets. During the 1960’s, the merger with Foremost Dairies resulted in the formation of Foremost Mckesson Inc., which later became a multiregional distributor of hospital and laboratory supplies and equipment. Even today, acquiring other businesses and products is a large part of the company’s business approach. The following excerpt on this business approach comes from the San Francisco Business Times: “Acquisitions have historically been part of our strategy, and will continue to be in the future,” stated
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