Chronimed Inc. Awards Contract Worth $300 Million to McKesson U.S. Health Care.SAN FRANCISCO--(BUSINESS WIRE)--Oct. 30, 1996--McKesson Corp. announced today that its U.S. Health Care unit has signed an exclusive prime-vendor agreement to provide pharmaceuticals and other products and services to Chronimed Inc., effective Nov. 1. The three-year agreement, signed on Oct. 3, is expected to result in annual sales of more than $100 million. McKesson will service all 16 of Chronimed's pharmacies and alternate sites. "We are pleased to have executed this agreement with Chronimed, and we look forward to creating a close working partnership," said Mark Majeske, McKesson's president of Customer Operations. "We plan to leverage our world class distribution capabilities with our expanded logistics and information services See Information Systems. to help Chronimed serve its customers with improved efficiency and at reduced costs." Chronimed will take advantage of EconoLink(R), McKesson's PC-based order-entry and inventory control system. EconoLink allows pharmacists to immediately locate and reserve inventory from the nearest McKesson distribution center. Said Larry E. Niederkohr, Chronimed's vice president of Operations, "Since some of our pharmacies have been McKesson customers in the past, we were familiar with the company and its high-quality service. McKesson offers broad coverage -- all of our facilities will receive next-day or same-day service (humour, operating system) same-day service - An ironic term used to describe long response time, particularly with respect to MS-DOS system calls (which ought to require only a tiny fraction of a second to execute). -- and, as we continue to grow, McKesson has the long-term stability The long-term stability of an oscillator, the degree of uniformity of frequency over time, when the frequency is measured under identical environmental conditions, such as supply voltage, load, and temperature. and technological resources to help us stay competitive." San Francisco-based McKesson Corp. (NYSE NYSE See: New York Stock Exchange :MCK MCK McKinsey & Company (consulting firm) MCK Mohawk Council of Kahnawake (Quebec) MCK Mon Colle Knights (children's TV show) MCK Mirror Classes Kit MCK Maintenance Check ), with annual revenues approaching $14 billion, is a leading provider of pharmaceuticals and health care products and services. Through its U.S. Health Care unit and a Canadian subsidiary, Medis Health and Pharmaceutical Services, the company is North America's largest pharmaceutical and health care products distributor. The company also owns McKesson Water Products, one of the nation's largest distributors of bottled drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. , and 55% of Armor All Products Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ARMR ARMR Army Readiness and Mobilization Region ), the world's leading producer of automotive appearance products. Chronimed, headquartered in Minnetonka, Minn., is a health care company specializing in the unique needs of patients with chronic diseases. Chronimed develops, markets and distributes pharmaceuticals, general medical products and patient educational materials directly to the individual and to the patients of managed care and case management companies nationwide, along with institutions that serve these patients. McKesson news releases are available at no charge through McKesson's NewsOnDemand fax service. To immediately receive an index of available releases, call 800/344-6495 and press 2. On the Internet, visit us on the World Wide Web at: http://www.mckesson.com. CONTACT: McKesson Corp., San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden Joan Kampe O'Connor, 415/983-8416 or Chronimed Inc., Minnetonka Larry E. Niederkohr, 612/513-6530 |
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