McKesson adding $3 bil. in annual wholesale revenue via FoxMeyer deal.
This article was originally published in The Rose Sheet
Executive Summary
MCKESSON ADDS $3 BIL. IN ANNUAL WHOLESALING SALES WITH CLOSING OF FOXMEYER DEAL, the San Francisco-based wholesaler said. Since FoxMeyer sought Chapter 11 bankruptcy protection at the end of August, its "service levels fell below 90%," McKesson said. As a result, FoxMeyer's annualized sales rate has been fluctuating between $2.5 bil. and $3.5 bil., McKesson estimated. McKesson is using the $3 bil. figure as a conservative target for planning purposes, the firm explained.