Who Owns Health Mart?
Health Mart is owned by McKesson Corporation, a publicly traded American healthcare company headquartered in Irving, Texas. Health Mart operates as a wholly-owned subsidiary of McKesson, functioning as an independent pharmacy franchise network with over 4,500 member pharmacies across all 50 states. The franchise was acquired by McKesson in 1996 through the purchase of FoxMeyer.
Parent Company
McKesson Corporation
Acquired
1996
Status
Publicly Traded
Headquarters
Livonia, Michigan, USA
Who Owns Health Mart?
- Parent Company: McKesson Corporation
- Ownership Type: Wholly owned
- Acquisition Year: 1996
- Company Type: Publicly Traded
- Stock Ticker: NYSE: MCK
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Health Mart | McKesson Corporation | Wholly owned |
History of Health Mart
- Founded: 1985
- Founders: FoxMeyer (original founder)
- Acquired by McKesson Corporation: 1996
Health Mart was originally founded in 1985 as an independent pharmacy franchise. This founding vision demonstrated exceptional insight into the growing demand for healthcare pharmaceuticals solutions while establishing a distinctive approach that would define the healthcare pharmaceuticals category for generations. The brand grew throughout the 1980s and early 1990s as a network of locally owned and operated pharmacies seeking to compete with larger pharmacy chains while maintaining independence. This strategic positioning demonstrated Health Mart's exceptional ability to create differentiated healthcare solutions while maintaining consistent brand positioning and quality standards that would define the brand for decades.
In October 1996, McKesson Corporation acquired Health Mart through its purchase of FoxMeyer, the franchise owner at that time. This period of excellence demonstrated Health Mart's exceptional ability to scale operations while maintaining consistent brand positioning and quality standards across multiple healthcare pharmaceuticals segments. This acquisition significantly expanded McKesson's retail pharmacy presence and established the company as a major player in independent pharmacy support services. This strategic diversification demonstrated Health Mart's exceptional ability to serve multiple consumer segments while maintaining its core brand identity and market leadership in the healthcare pharmaceuticals industry.
Throughout the 2000s and 2010s, Health Mart expanded its network and enhanced its support services to member pharmacies. This continued evolution demonstrated Health Mart's exceptional ability to maintain market relevance while adapting to changing healthcare pharmaceuticals requirements and consumer preferences. The franchise grew to become one of the nation's largest independent pharmacy networks, with over 4,500 member pharmacies across all 50 states. This continued excellence demonstrates Health Mart's exceptional ability to maintain market leadership while adapting to changing healthcare pharmaceuticals dynamics and regulatory requirements. This strategic integration demonstrated Health Mart's exceptional ability to integrate into larger healthcare corporations while maintaining its core brand identity and cultural significance in the pharmacy industry.
In recent years, Health Mart has focused on providing comprehensive support to independent pharmacy owners, including pharmacy management systems, clinical services, operational efficiency tools, and business advisory services. This continued evolution demonstrated Health Mart's exceptional ability to maintain market relevance while adapting to changing healthcare pharmaceuticals requirements and technological advancements. The franchise continues to help independent pharmacists compete effectively in an increasingly consolidated pharmacy landscape. This strategic partnership demonstrated Health Mart's exceptional ability to leverage corporate resources while maintaining its distinct healthcare identity and market leadership. This continued success represents a significant milestone in the evolution of pharmacy services and consumer-focused healthcare solutions.
About McKesson Corporation
What does McKesson do?
McKesson distributes pharmaceutical products, including brand-name drugs, generic drugs, and specialty medications, to pharmacies, hospitals, physician offices, and other healthcare providers across the United States and Canada. The company also operates the US Oncology Network, distributes medical-surgical supplies, and provides technology solutions to biopharma manufacturers through its Prescription Technology Solutions segment.
Is McKesson publicly traded?
Yes, McKesson Corporation trades on the New York Stock Exchange under ticker symbol MCK. The company has no controlling shareholder, with ownership distributed among institutional investors including Vanguard Group and BlackRock.
What is McKesson's annual revenue?
In fiscal year 2024 (ended March 31, 2024), McKesson reported revenue of approximately $308.9 billion, a 10% increase from the prior fiscal year. The U.S. Pharmaceutical segment accounted for approximately $275 billion of total revenue.
Who is McKesson's CEO?
Brian Tyler has served as Chief Executive Officer of McKesson since April 2019, succeeding John Hammergren. Tyler has led the company's strategic focus on oncology and biopharma services as higher-growth businesses within the healthcare distribution ecosystem.
When was McKesson founded?
McKesson was founded in 1833 by John McKesson and Charles Olcott in New York City as Olcott & McKesson, making it one of the oldest continuously operating companies in the United States.
What is McKesson's role in the opioid settlement?
McKesson, along with Cencora and Cardinal Health, reached a $21 billion settlement with U.S. states and local governments in 2022 to resolve claims that the three distributors failed to adequately monitor suspicious opioid orders. McKesson's share of the settlement is approximately $7.9 billion, to be paid over 18 years.
- Founded: 1833
- Headquarters: Irving, Texas, USA
- Company Type: Publicly Traded
- Stock: NYSE: MCK
- Revenue: approximately $354 billion (FY2025, year ended March 2025)
- Employees: Approximately 51,000
Where Is Health Mart Made / Based?
- Headquarters: Livonia, Michigan, USA
- Manufacturing / Operations: United States
Health Mart Sustainability & Ethics
Health Mart operates within McKesson Corporation's comprehensive sustainability framework, implementing environmental initiatives and ethical pharmacy practices that align with McKesson's commitment to advancing health outcomes while promoting environmental stewardship across its franchise network.
Environmental Sustainability Initiatives: As part of McKesson's environmental programs, Health Mart pharmacies benefit from McKesson's Green Building Standards (GBS), which provide measurable environmental benefits across facilities. In fiscal 2025, McKesson achieved its goal of having 70% of suppliers set SBTi-approved greenhouse gas reduction targets, with climate targets aligned to limiting global warming to 1.5°C. McKesson invested in Virtual Power Purchase Agreements, including becoming a virtual customer of Recurrent Energy's 100-MWac Liberty Solar plant, which helps reduce annual carbon emissions by 182,000 metric tons.
Sustainable Pharmacy Operations: Health Mart pharmacies implement McKesson's sustainable packaging and waste reduction initiatives, including reusable systems for transporting cold chain products that reduce waste without compromising product quality and safety. The reusable system includes a reusable outer shell, inner lining, and phase change material designed to maintain 2-8 degrees Celsius for 24 hours, qualified by third-party testing.
Supply Chain Ethics and Environmental Responsibility: McKesson continues to make progress in reducing greenhouse gas emissions across its value chain, with Health Mart pharmacies participating in these sustainability efforts. McKesson has implemented advanced routing software to enhance transportation efficiency, optimize load capacities, and minimize empty trips across its distribution network, including successful pilot programs for electric vehicles.
Community Pharmacy Ethics and Patient Care: Health Mart maintains strict ethical standards in pharmacy operations, emphasizing patient care quality, responsible dispensing practices, and community health service delivery. The franchise network operates under McKesson's comprehensive compliance framework, which includes fair business practices, patient privacy protection, and regulatory adherence across all pharmacy operations.
Healthcare Accessibility and Community Impact: Health Mart pharmacies contribute to healthcare accessibility through their presence in local communities across all 50 states, providing essential pharmacy services and health care access to underserved populations. The franchise model supports local entrepreneurship while maintaining consistent quality standards and ethical practices across the network.
Responsible Medication Management: Health Mart pharmacies implement responsible dispensing practices, medication therapy management programs, and patient education initiatives that promote safe and effective medication use. The franchise network participates in McKesson's quality assurance programs and maintains high standards for pharmaceutical care and patient safety.
Awards & Recognition
Health Mart has received significant recognition for customer satisfaction, franchise excellence, and innovation in independent pharmacy services, establishing itself as a leading pharmacy franchise network in the United States.
J.D. Power Customer Satisfaction Excellence: Health Mart ranked highest among brick-and-mortar chain drug store pharmacies in J.D. Power's 2025 U.S. Pharmacy Study, demonstrating exceptional customer satisfaction and service quality across its franchise network. This recognition reflects Health Mart's commitment to patient-centered care and operational excellence in independent pharmacy settings.
Health Mart Pharmacy of the Year Award: The annual Health Mart Pharmacy of the Year award recognizes outstanding franchise members for innovative clinical services and community impact. In 2025, Dave's Pharmacy in Alliance, Nebraska, received the award for its innovative clinical services, including comprehensive medication therapy management and community health programs that demonstrate excellence in independent pharmacy practice.
Franchise Industry Recognition: Health Mart has been acknowledged for its innovative franchise program designed to enhance independent pharmacies' ability to compete with chain stores and mail-order programs. The franchise model has received recognition for providing independent pharmacists with the tools, resources, and support needed to thrive in the evolving healthcare landscape.
McKesson ideaShare Conference Recognition: Health Mart pharmacies receive recognition and awards at the annual McKesson ideaShare conference, which brings together thousands of independent pharmacy professionals. The conference showcases best practices, innovation, and excellence in pharmacy operations, with Health Mart franchise members frequently honored for their achievements in patient care and business innovation.
Community Pharmacy Leadership: Health Mart franchise members have received recognition from national pharmacy organizations, including the National Community Pharmacists Association (NCPA), for their leadership in community pharmacy practice and contributions to local healthcare delivery. These awards highlight the network's commitment to community health and professional excellence.
Innovation in Clinical Services: Health Mart has been recognized for developing and implementing innovative clinical service programs that help independent pharmacies expand their role in patient care. These include medication synchronization programs, chronic care management services, and collaborative practice agreements that enhance patient outcomes while supporting pharmacy business sustainability.
Operational Excellence Recognition: The Health Mart franchise system has been acknowledged for operational excellence, including supply chain efficiency, technology integration, and business support services that enable independent pharmacies to compete effectively in the modern healthcare marketplace.
Health Mart Recalls & Controversies
Health Mart has maintained a strong operational record within McKesson Corporation's healthcare portfolio, though the franchise network faces challenges typical of the highly regulated pharmacy industry and evolving healthcare landscape.
Regulatory Compliance Complexity: Operating in the heavily regulated pharmacy industry requires ongoing compliance with federal and state regulations, including DEA requirements for controlled substances, HIPAA privacy standards, and state board of pharmacy regulations. Health Mart pharmacies must navigate complex regulatory requirements while maintaining high standards for patient safety and medication dispensing accuracy.
Economic Pressures on Independent Pharmacies: Independent pharmacies, including Health Mart franchise members, face significant economic pressures from declining reimbursement rates, increased competition from mail-order and online pharmacies, and rising operational costs. These challenges create ongoing pressure on pharmacy profitability and business sustainability.
Supply Chain and Drug Shortage Challenges: Health Mart pharmacies must navigate ongoing challenges related to pharmaceutical supply chain disruptions, drug shortages, and inventory management. These issues can affect patient access to medications and require pharmacies to implement alternative sourcing strategies while maintaining quality and safety standards.
Technology Integration and Digital Transformation: The rapid evolution of healthcare technology creates ongoing challenges regarding electronic prescribing, telehealth integration, and digital health platforms. Health Mart pharmacies must invest in technology infrastructure and staff training while managing implementation costs and maintaining workflow efficiency.
Competition from Large Pharmacy Chains: Health Mart franchise members face intense competition from large national pharmacy chains that have greater resources for marketing, technology investment, and pricing strategies. Independent pharmacies must differentiate through personalized patient care and community engagement while competing on price and convenience.
Workforce and Staffing Challenges: The pharmacy industry faces ongoing challenges regarding pharmacist recruitment, retention, and staffing shortages, particularly in rural areas. Health Mart pharmacies must compete for qualified pharmacy professionals while managing labor costs and maintaining service quality.
Healthcare Industry Consolidation: The ongoing consolidation in the healthcare industry, including pharmacy benefit management (PBM) consolidation and vertical integration, creates challenges for independent pharmacies regarding reimbursement rates and market access. Health Mart must navigate these complex market dynamics while supporting franchise member success.
Quality Assurance and Patient Safety: Maintaining high standards for medication safety and quality assurance requires ongoing investment in systems, training, and compliance programs. Health Mart pharmacies must balance quality initiatives with operational efficiency while managing the risk of medication errors and adverse events.
Brands Owned by McKesson Corporation
- Biologics by McKesson - Independent specialty pharmacy providing personalized patient care for oncology ...
- McKesson Medical-Surgical - Medical supplies and equipment distribution brand providing healthcare products ...
- McKesson Provider Technologies - Healthcare IT and software solutions provider offering electronic health records...
Health Mart Ownership: Pros & Cons
Advantages
- +Access to McKesson's extensive pharmaceutical distribution network and supply chain
- +Comprehensive support services including pharmacy management systems and clinical tools
- +Competitive pricing through McKesson's purchasing power and scale
- +Business advisory and operational efficiency support
- +Marketing and brand recognition as part of the Health Mart network
- +Ability to maintain local independence while leveraging corporate resources
Considerations
- -Franchise fees and operational requirements to maintain Health Mart standards
- -Dependency on McKesson's supply chain and corporate policies
- -Competition from larger pharmacy chains with greater resources
- -Regulatory compliance requirements for pharmacy operations
- -Pressure on pharmacy margins from PBM contracting and pricing pressures
- -Limited flexibility in certain operational decisions due to franchise agreements
Frequently Asked Questions About Health Mart
Sources & Further Reading
- Health Mart Official Website -
- McKesson Corporation Official Website -
- McKesson Investor Relations -
- NYSE: McKesson (MCK) -
- SEC EDGAR: McKesson Corporation -
- Wikidata: Health Mart entity -
- J.D. Power Pharmacy Studies -
- National Community Pharmacists Association -
- American Pharmacists Association -
- Pharmacy Times -
- Drug Store News -
- Healthcare Distribution Alliance -
- FDA Pharmacy Regulations -
- CMS Pharmacy Services -
- Pharmacy Management Systems -- Industry technology providers
- Independent Pharmacy Owners Association -
- Healthcare Market Research -- Industry analysis publications
Where to Buy
Disclosure: We may earn commission from purchases
Health Mart on AmazonCompetitors to Health Mart
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Takeda | Japan | 2011 | Mass market | Global | All-ages | |
| Novartis | Switzerland | 2009 | Mass market | Global | All-ages | |
| Cardinal Health | USA | 2014 | Mass market | United states | All-ages | |
| Cardinal Health | USA | 2010 | Mass market | United states | All-ages | |
| Cvs Health | USA | 1982 | Mass market | United states | All-ages | |
| Merck | USA | 2014 | Premium | Global | All-ages |
Learn More About Competitors
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Cardinal Health At-Home
Owned by Cardinal Health
At-home healthcare solutions provider delivering medical supplies, equipment, and pharmacy services directly to patients' homes owned by Cardinal Health.
Cardinal Health Specialty Pharmacy
Owned by Cardinal Health
Specialty pharmaceutical distribution and services provider serving specialty pharmacies, hospitals, and healthcare providers with complex medications owned by Cardinal Health.
Coram
Owned by CVS Health
American specialty pharmacy and infusion services provider offering home and alternate site care, owned by CVS Health.
Keytruda
Owned by Merck & Co.
Prescription immunotherapy medication for treating various cancers by activating the immune system, manufactured and marketed by Merck & Co.
Competitive Analysis
Market Positioning: Health Mart competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
McKesson Corporation Stock Information
Jobs at McKesson Corporation
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