Foremost-McKesson, Inc. - 1976 dated Specimen Stock Certificate

Specimen Stock printed by Security-Columbian United States Banknote Corporation. Incorporated in 1928. Please specify color.

McKesson Corporation is an American company distributing pharmaceuticals and providing health information technology, medical supplies, and care management tools. The company delivers a third of all pharmaceuticals used in North America and employs over 78,000 employees. McKesson had revenues of $238.2 billion in its fiscal year ending March 31, 2021. McKesson is based in Irving, Texas, and distributes health care systems, medical supplies and pharmaceutical products. Additionally, McKesson provides extensive network infrastructure for the health care industry; also, it was an early adopter of technologies like bar-code scanning for distribution, pharmacy robotics, and RFID tags. The company has been named in a federal lawsuit for profiting from the opioid epidemic in the United States. Throughout the COVID-19 pandemic, McKesson was a key vaccine distributor, serving as the U.S. government's centralized distributor for hundreds of millions of COVID-19 vaccine doses and ancillary supply kits for over 1 billion doses across the United States. As of 2023, McKesson was ranked #9 on the Fortune 500 rankings of the largest United States corporations. As of 2023, they had revenues of $276 billion.

Founded in New York City as Charles M. Olcott in 1828 and later as Olcott, McKesson & Co. by Charles M. Olcott and John McKesson in 1833, the business began as an importer and wholesaler of botanical drugs. A third partner, Daniel Robbins, who had joined the enterprise as it grew, and who previously "was an assistant to the original partners," was the Robbins when the company was renamed McKesson & Robbins following Olcott's death in 1853. The company successfully emerged from the fraud by CEO Phillip Musica one of the most notorious business/accounting scandals of the 20th century—the McKesson & Robbins scandal, a watershed event that led to major changes in American auditing standards and securities regulations after being exposed in 1938. In 1967, Foremost Dairies, a company founded by James Cash Penney that had been headquartered in San Francisco since 1954, acquired McKesson & Robbins in a hostile takeover to form Foremost-McKesson Inc. The Foremost dairy operations were sold in 1982 and the name changed to McKesson Corporation but headquarters remained in San Francisco. In 1999, McKesson acquired medical information systems firm HBO & Company (HBOC). The combined firm operated as McKessonHBOC for two years. Accounting irregularities at HBOC reduced the company's share price by half, and resulted in the dismissal and prosecution of many HBOC executives. The firm's name reverted to "McKesson" in 2001. McKesson has increased its market in medical technology through acquisitions, including Per Se Technologies and RelayHealth in 2006 and Practice Partner in 2007. In 2010, McKesson acquired the oncology and physician services company US Oncology, Inc. for $2.16 billion, which was integrated into the McKesson Specialty Health business. On June 24, 2013, The Wall Street Journal reported that McKesson Chairman and CEO John Hammergren's pension benefits of $159 million had set a record for "the largest pension on file for a current executive of a public company, and almost certainly the largest ever in corporate America". In addition to its offices throughout North America, McKesson also has international offices in Australia, Ireland, France, the Netherlands, and the United Kingdom. Today, McKesson is one of the oldest operating businesses in the United States. In 2014, McKesson acquired Celesio to become one of the world's largest health care companies, with over $179 billion in annual revenue. In June 2016, McKesson announced plans to merge its IT business with Change Healthcare. In 2017, McKesson was involved in a number of lawsuits against the state of Arkansas over the supply of vecuronium bromide. McKesson was under contract by Pfizer not to sell to any correctional facility that authorized and carried out capital punishment. In November 2018, the company announced it would relocate its headquarters from San Francisco to Irving, Texas, effective April 1, 2019. Also in April 2019, Brian Tyler took over as CEO of the company. In February 2020, McKesson Corp announced that it would part ways with Change Healthcare. McKesson would give up its three seats on Change's board of directors, and as an entity will no longer own any portion of Change. In August 2020 during the COVID-19 pandemic, the CDC and HHS selected McKesson as the U.S. government's centralized distributor for Covid-19 vaccine doses and ancillary supply kits under Operation Warp Speed. As of May 5, 2022, McKesson had distributed over 380 million vaccine doses and assembled supply kits to support over 1.2 billion vaccines doses as of July 31, 2021. See Covid-19 Centralized Vaccine Distributor. Read more at https://en.wikipedia.org/wiki/McKesson_Corporation

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