McKesson (MCK) Boosts FY17 EPS Outlook
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McKesson Updates Fiscal 2017 Guidance
June 29, 2016 8:01 AM EDTSAN FRANCISCO--(BUSINESS WIRE)-- McKesson Corporation (NYSE: MCK) today announced that for the fiscal year ending March 31, 2017, the company has updated its previous guidance range of $13.30 to $13.80 per diluted share to a new range of $13.43 to $13.93 per diluted share, which continues to exclude approximately 12 to 15 cents in expected charges from Adjusted Earnings related to the Cost Alignment Plan the company announced in March 2016.
The updated outlook is driven by the early adoption of Accounting Standards Update 2016-09 as released by the Financial Accounting Standards Board, which relates to stock-based compensation, and the impact of... More
McKesson to Explore Strategic Alternatives for Enterprise Information Solutions
June 28, 2016 8:17 AM EDTSAN FRANCISCO--(BUSINESS WIRE)-- McKesson Corporation (NYSE: MCK), a leading global healthcare services and information technology company, today announced that it is exploring strategic alternatives for its Enterprise Information Solutions (EIS) business, a division of McKesson that provides core hospital information systems.
EIS serves hospitals and health systems with software solutions, managed services, and infrastructure and hosting services to enable them to succeed through healthcare reform and beyond. The portfolio includes core solutions such as: Paragon® hospital information system; STARTM and HealthQuestTM solutions for revenue cycle management, financial and supply chain management; OneContentTM... More
McKesson and Change Healthcare to Form New Healthcare Information Technology Company
June 28, 2016 8:15 AM EDTNew entity to combine majority of McKesson Technology Solutions and Change Healthcare into separate company positioned to address the healthcare industrys emerging and most pressing challenges. Transaction to create new company with $3.4 billion in pro forma combined total annual revenues for the fiscal year ended March 31, 2016. Brings together broad portfolio of complementary capabilities to deliver wide-ranging financial, operational and clinical benefits to payers, providers, and consumers. McKesson and Change Healthcare will own approximately 70% and 30%, respectively, of the new company and will receive cash proceeds of... More
