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McKesson revenues rise $3.4 billion in Q3

BY Drew Buono

SAN FRANCISCO McKesson released its revenues for its third fiscal quarter that ended Dec. 31, 2007. Revenues for the quarter rose by $3.4 billion to $26.5 billion compared with the third quarter last year.

“In our third quarter, McKesson revenues were up 15 percent,” said John Hammergren, chairman and chief executive officer. “Distribution Solutions revenues increased 14 percent, driven primarily by solid growth and new business from existing customers and the acquisition of Oncology Therapeutics Network, which occurred on Oct. 29, 2007. Technology Solutions revenues increased 35 percent, driven by the acquisition of Per-Se Technologies and continued expansion in software and services. Operating performance was also strong given that we faced a difficult comparison versus the third quarter a year ago and that we took a number of actions in the quarter designed to improve future financial results.”

Also during the quarter, Cigna decided to expand an online physician consultation service called webVisit nationwide. The service is provided by McKesson’s RelayHealth unit, which also expanded its webVisit deal with Aetna.

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General Imaging to sell cameras at Walgreens

BY Doug Desjardins

LAS VEGAS General Imaging used the first day of the Photo Marketing Association show to announce it will begin selling its cameras at Walgreens in April.

The buzz on opening day at PMA centered on the new wave of new cameras loaded with such features as face and smile recognition at lower prices, a product of a mature market that’s unlikely to match the 34 million cameras sold in the U.S. last year. “Walgreens has been selling some of our cameras on their Web site but they’ll soon be selling them in 6,000 stores,” said Rene Buhay, General Imaging senior vice president of sales and marketing, Americas. “And this will be our first venture into the food and drug category.”

Speaking from the PMA show floor in Las Vegas, Buhay said stores would carry the basic A735 and E850 models with prices starting at $89. “Having our cameras available in stores that are so familar to generations of Americans is a great accomplishment,” he said. “This will help us greatly in further extending our brand.” Buhay said entering Walgreens would expand its GE branded line of cameras to more than 22,000 storefronts. The company also unveiled nine new cameras at PMA.

The PMA show will run until Feb. 2 and is expected to attract more than 20,000 attendees who will check out the latest cameras and printers from major vendors, including Canon, Kodak, Sony, Nikon and Hewlett-Packard.

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HearAtLast opens its first stand-alone U.S. location

BY Antoinette Alexander

TORONTO HearAtLast Holdings, which operates hearing clinics within select Wal-Mart and Sam’s Club locations, has announced the opening of its U.S. first clinic in The Villages, an adult community in Florida.

Prior to the opening, HearAtLast Stores operated exclusively within select Wal-Mart Stores and Sam’s Clubs throughout Canada. The company has nearly doubled its locations expanding from eight to 15 outlets between October and December of 2007. With the newest location, there are currently 16 hearing clinics in Canada and the United States.

The U.S. HearAtLast location is the product of a joint venture between HearAtLast and Vivatone Hearing Systems, a maker of digital hearing aids.

HearAtLast locations sell a selection of hearing aids and offer complimentary screening tests, clinical hearing tests, instant custom MP3 headphones and custom hearing protection.

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