News

McKesson completes Vantage Oncology, Biologics acquisitions

BY David Salazar
SAN FRANCISCO — McKesson announced Monday that it had completed its acquisitions of both Biologics and Vantage Oncology for $1.2 billion. 
 
McKesson, when announcing the acquisitions in February, noted that they would increase the scale of its specialty pharmaceutical distribution, its oncology-focused pharmacy offerings, manufacturer and payer solutions and the scope of community-based oncology and practice management services for providers and patients. 
 
“McKesson is committed to the success of our community oncology partners and customers and we believe the acquisitions of Vantage and Biologics complement our holistic approach to providing best–in-class care for oncology patients,” McKesson chairman and CEO John Hammergren said when the deal was announced. 
 
Vantage Oncology adds more than 50 cancer centers to McKesson, as well as its comprehensive oncology management service model and a practice management model that it operates through joint ventures, sharing profits with partner physicians and hospitals. Biologics adds to the company its high-touch specialty pharmacy model, which provides controlled dispensing channels, including rapid and traceable pharmaceutical delivery solutions, increased analytics, and services for oncology patients, providing seamless care management.
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Former Walmart executive Tom Coughlin dead at 66

BY Mike Troy

Longtime Walmart executive Tom Coughlin, an inspirational leader who played a key role in Walmart’s growth but left the company amid scandal in 2005, passed away on April 1.

Coughlin joined Walmart in 1978 and held a variety of roles at the company, ultimately ascending to the role of vice chairman. During his 26 year career, Coughlin influenced a generation of leaders at the company and played a pivotal role in executing Walmart’s operational strategies that led to dramatic growth throughout the 80’s and 90’s. His otherwise remarkable career ended in an unseemly manner in 2005 when Coughlin was embroiled in a scandal. A contentious Walmart investigation determined he had misappropriated company funds which resulted in Coughlin pleading guilty to tax evasion and wire fraud changes and being subject to house arrest due to his failing health.

Despite the scandal, Coughlin had many ardent supporters who continued to value his perspective on Walmart and the growth challenges the company faced in the years following his departure. He and his wife Cynthia continued to reside in Northwest Arkansas and were active in the community and the retail industry. Just three months earlier in mid-January, Coughlin had attended the National Retail Federation convention in New York City.

His contributions to Walmart and status in the company’s lore were such that current Walmart President and CEO Doug McMillon released a statement late Friday.
“Like me, many of you worked with Tom over his more than 26 years with the company," McMillon said. “I know firsthand how much he loved our associates and this company."

For more on Coughlin’s life and career, here’s what ReutersThe Wall Street Journal and Coughlin’s hometown newspaper, the Cleveland Plain Dealer, had to say.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Unilever gives shoppers a new reason to scream for ice cream

BY Gina Acosta

ENGLEWOOD CLIFFS, N.J. —  Just in time for summer, the world's largest ice cream company is rolling out 17 new frozen treats across five of its ice cream brands.

"At Unilever, we're on a consistent journey to better understand the connection consumers have to ice cream," said Nick Soukas, director of ice cream at Unilever. "We've discovered that nostalgia and memorable moments are two reasons consumers enjoy ice cream. With this in mind, we've reimagined favorite flavors and pairings that cultivate great memories – like birthday cake, s'mores and chocolate and peanut butter – to surprise and delight our ice cream fans."

Here's some of the new frozen treats coming from Unilever:

Breyers

  • Breyers Ice Cream Cake
  • Breyers Chocolate Snack Cups 
  • Breyers Gelato Indulgences adds four new flavors

Good Humor

  • Good Humor Double Chocolate Chip Cookie Sandwich
  • Good Humor OREO Cone

Klondike 

  • Klondike S'Mores Stickless Bars.

MAGNUM 

  • MAGNUM Double Raspberry 
  • MAGNUM Double Chocolate Vanilla 

Popsicle 

  • Popsicle Tropical Paradise
  • Popsicle Sugar Free Red Classics 
  • Popsicle Teenage Mutant Ninja Turtles

These new frozen products and others are available now at retailers nationwide.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?