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McKesson’s Q1 up 37% to $44.1 billion

BY Michael Johnsen

SAN FRANCISCO — McKesson on Thursday reported revenues of $44.1 billion for the first quarter ended June 30, up 37%. 
 
“McKesson fiscal first quarter results represent a strong start to the year with solid execution across our business and particularly strong growth in our Distribution Solutions segment,” stated John Hammergren, chairman and CEO. “Based on the strength of our Distribution Solutions results in the first quarter and our confidence in the full year, we are raising our previous outlook and now expect adjusted earnings per diluted share from continuing operations of $10.50 to $10.90 for the fiscal year ending March 31, 2015.”
 
First-quarter adjusted earnings per diluted share from continuing operations was $2.49, up 18% compared to $2.11 a year ago.
 
Distribution Solutions revenues were $43.3 billion, up 38% for the quarter on a constant currency basis, mainly driven by the contribution from the acquisition of Celesio and market growth.
 
Specifically, North America pharmaceutical distribution and services revenues of $34.3 billion, which include results from U.S. Pharmaceutical, McKesson Canada and McKesson Specialty Health, were up 15% for the quarter on a constant currency basis, primarily reflecting market growth.
 
International pharmaceutical distribution and services revenues were $7.6 billion, an increase of 3% on the underlying results of Celesio, as reported, on a constant currency basis.
 
Medical-Surgical distribution and services revenues of $1.4 billion were up 2% for the quarter, driven by market growth.
 
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Medipro named Best New Product at ECRM Health Care

BY Ryan Chavis

ORLANDO, Fla. — ECRM announced winners of the ECRM Health Care Vendor awards. Recipients included:

  • Best New Product: Me4Kidz for Medipro First Aid Pods;
  • Most Prepared: Schwabe North America – Enzymatic Therapy & Nature’s Way; and
  • Best Room: Medline Industries

The Medipro first aid pod is the first of its kind in the healthcare category, according to the company. It features a slim design and customizable pods — big enough for basic first aid necessities and sizes down on the go. Medipro takes up limited shelf space and has a manufacturer's suggested retail price of $9.99.

ECRM Health Care took place July 27 through July 30 in Orlando, Fla.

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APhA names 2015-16 president elect

BY Antoinette Alexander

WASHINGTON —The American Pharmacists Association has announced the election of Jean-Venable “Kelly” Goode of Richmond, Va., as 2015-16 APhA president-elect.

Goode succeeds Lawrence “LB” Brown to the office of APhA president on March 7, 2016, at the conclusion of the 2016 APhA Annual Meeting & Exposition in Baltimore.

Also elected to serve a three-year term on APhA’s Board of Trustees, beginning in March 2015, are Dennis K. Helling of Denver, and Linda Garrelts MacLean of Spokane, Wash. Elected as 2015-2016 honorary president was Metta Lou Henderson of Tucson, Ariz. All will be installed at the 162nd APhA Annual Meeting & Exposition in San Diego, March 27 to 30, 2015.

Goode is professor and director of the community pharmacy residency program at the Vir­ginia Commonwealth University School of Pharmacy. Goode has pharmacy practice experience in hospital, long-term care, and ambulatory care settings, and has focused most of her career on developing and implementing innovative patient care services in community phar­macy practice. She worked with Ukrop’s Pharmacy (now Martin’s Pharmacy) for 10 years implementing patient care services. Goode currently practices in a patient-centered medical home in a federally-qualified health care center for the homeless. She is an author and speaker on topics including immunizations, practice-based research, medication ther­apy management, diabetes, asthma and innovative community pharmacy practice. Goode is a former APhA-APPM president and is a current member of the APhA Board of Trustees

Helling is clinical professor, University of Colorado School of Pharmacy and the former executive director of Pharmacy Operations and Therapeutics, Kaiser Permanente Colorado Region, where he oversaw more than 800 employees at 29 pharmacies and influenced the expansion of pharmacists’ roles and ambulatory clinical pharmacy services. His practice emphasis and research have been focused on documenting the impact pharmacists have on improving patient and economic outcomes. Helling is past president of American College of Clinical Pharmacy, the Accreditation Council for Pharmacy Education, and the APhA Foundation board of directors. He has served on the American Association of Colleges of Pharmacy Argus Commission and represented the profession on the Association of American Medical Colleges Center for Clinical Care Improvement Advisory Committee. Helling is also the VP of the Board of Directors of the Denver Hospice.

MacLean serves as associate dean and clinical professor for the Washington State University College of Pharmacy. She teaches pharmacy management, entrepreneurial pharmacy and practical politics and pharmacy. She has particular interest in new and evolving practice models for commu­nity pharmacy and community phar­macy residency programs. MacLean is a past president of the Washington State Pharmacists Association and current member of the Community Pharmacy Foundation Board of Directors. MacLean has provided numerous continuing education sessions on topics such as immunizations, diabetes and community practice and has been involved as coach and mentor for 12 student pharmacist teams for the National Community Pharmacists Association Pruitt-Schutte Student Business Plan Competition, including two first place teams.

Henderson held numerous roles within her career in pharmacy practice, including: practitioner, educator, academic administrator, researcher, regulator, historian and mentor. During her tenure at Ohio Northern University College of Pharmacy, she served as professor, chair of the Department of Pharmacy Practice and associate dean for Pharmacy Student Services and as advisor to Mortar Board, Kappa Epsilon Fraternity and Phi Lambda Sigma. She is the author of American Women Pharmacists Contributions to the Profession and served as chair of the conference “The Emerging Majority: Contributions of Women Pharmacists, Past, Present and Future.” Over the years, she has been active in local, state and national pharmacy organizations including Kappa Epsilon Fraternity (president), AACP, APhA, Rho Chi Society, Phi Lambda Sigma (president), American Institute of the History of Pharmacy and the Ohio State Board of Pharmacy.
 

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