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  1. Home
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  3. Healthcare & Pharmaceuticals
  4. Health Mart
Health Mart logo
Healthcare & Pharmaceuticals

Who Owns Health Mart?

Health Mart is owned by McKesson Corporation (NYSE: MCK), a publicly traded American healthcare company headquartered in Irving, Texas. Founded in 1985, 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. McKesson acquired the franchise in 1996 through its purchase of FoxMeyer. Health Mart ranked highest among brick-and-mortar chain drug store pharmacies in J.D. Power's 2025 U.S. Pharmacy Study.

Parent Company

McKesson Corporation

Acquired

1996

Status

Publicly Traded

Headquarters

Livonia, Michigan, USA

Health Mart Timeline

1833
McKesson Corporation

Parent company established in Irving, Texas, USA

Company Founded
1985

Health Mart

Founded by FoxMeyer (original founder)

Founded
1996
Acquired by McKesson Corporation

McKesson Corporation acquired Health Mart

Acquired
mid rangemass marketUnited StatesOfficial Website

Who Owns Health Mart?

  • Parent Company: McKesson Corporation
  • Ownership Type: Wholly owned
  • Acquisition Year: 1996
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: MCK
BrandParent CompanyOwnership Type
Health MartMcKesson CorporationWholly owned

Where to Buy

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AmazonHealth Mart on Amazon

History of Health Mart

  • Founded: 1985
  • Founders: FoxMeyer (original founder)
  • Acquired by McKesson Corporation: 1996

Health Mart was founded in 1985 by FoxMeyer Corporation as an independent pharmacy franchise network. The concept was to give independent pharmacists a collective brand, purchasing power, and support services to compete with large chain pharmacies like CVS and Walgreens. At the time, independent pharmacies were losing market share to national chains, and franchise networks offered a way to preserve local ownership while gaining economies of scale.

In October 1996, McKesson Corporation acquired FoxMeyer Corporation in a deal valued at approximately $1.2 billion. FoxMeyer had filed for Chapter 11 bankruptcy protection in August 1996 after suffering significant losses from a failed contract to supply pharmaceuticals to the University of Texas System. McKesson purchased FoxMeyer's wholesale distribution business, including the Health Mart franchise network, which had approximately 1,200 member pharmacies at the time.

Under McKesson's ownership, Health Mart grew steadily. By 2005, the network had reached approximately 2,000 pharmacies. By 2015, it had grown to over 3,500. As of 2025, Health Mart has over 4,500 member pharmacies across all 50 states, making it one of the largest independent pharmacy franchise networks in the United States.

The growth of Health Mart reflects broader trends in the pharmacy industry. Independent pharmacies have faced pressure from chain pharmacies, mail-order services, and pharmacy benefit managers (PBMs). Franchise networks like Health Mart provide independent pharmacists with group purchasing power, technology platforms, marketing support, and clinical service tools that would be difficult to access individually.

In 2025, Health Mart ranked highest among brick-and-mortar chain drug store pharmacies in the J.D. Power U.S. Pharmacy Study. This was a significant achievement for a franchise network competing against vertically integrated chains like CVS Health and Walgreens. The ranking reflected customer satisfaction with pharmacists, store experience, and cost competitiveness.

Health Mart holds an annual conference called ideaShare, which brings together thousands of independent pharmacy owners. The 2025 ideaShare conference was held in Las Vegas. At the conference, Health Mart presents the Pharmacy of the Year award to recognize outstanding franchise members. In 2025, Dave's Pharmacy in Alliance, Nebraska, received the award for its innovative clinical services and community health programs.

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?
McKesson reported consolidated revenue of $403.4 billion for fiscal year 2026, which ended March 31, 2026. This represented a 12% increase from $359.1 billion in fiscal year 2025. Adjusted earnings per diluted share were $39.11, up 18% year over year.

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.

What is McKesson's largest customer?
CVS Health Corporation is McKesson's largest customer, accounting for approximately 24% of total consolidated revenue in fiscal year 2026. The pharmaceutical distribution partnership between McKesson and CVS extends to June 2027. McKesson's ten largest customers collectively account for approximately 73% of consolidated revenue.

  • Founded: 1833
  • Headquarters: Irving, Texas, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: MCK
  • Revenue: $403.4B (FY2026)
  • Employees: ~51,000

Visit McKesson Corporation website

View full company profile for McKesson Corporation

Where Is Health Mart Made / Based?

  • Headquarters: Livonia, Michigan, USA

Health Mart Categories & Tags

PharmacyFranchiseIndependent PharmacyRetail PharmacyMckesson

Health Mart Sustainability & Ethics

Health Mart's sustainability practices are governed by McKesson Corporation's corporate environmental framework. McKesson has set portfolio-wide targets that apply to its operations, including distribution centers that supply Health Mart pharmacies.

McKesson has committed to science-based emissions reduction targets aligned with limiting global warming to 1.5 degrees Celsius. In fiscal 2025, McKesson achieved its goal of having 70% of suppliers set SBTi-approved greenhouse gas reduction targets. The company has invested in Virtual Power Purchase Agreements, including becoming a virtual customer of Recurrent Energy's 100-MWac Liberty Solar plant, which reduces annual carbon emissions by approximately 182,000 metric tons.

McKesson has implemented reusable cold chain packaging systems for transporting temperature-sensitive pharmaceutical products. The reusable system includes an outer shell, inner lining, and phase change material designed to maintain 2-8 degrees Celsius for 24 hours, reducing waste compared to single-use packaging.

No brand-specific sustainability certifications apply to Health Mart, as the franchise network consists of independently owned pharmacies that manage their own facility operations. McKesson's corporate sustainability targets apply to its distribution centers and corporate operations, not directly to individual Health Mart pharmacy locations.

On ethics, Health Mart pharmacies operate under McKesson's corporate compliance framework, which includes fair business practices, patient privacy protection under HIPAA, and regulatory compliance with DEA requirements for controlled substances. Individual pharmacy owners are responsible for maintaining compliance with state board of pharmacy regulations.

Awards & Recognition

J.D. Power 2025 U.S. Pharmacy Study: Health Mart ranked highest among brick-and-mortar chain drug store pharmacies in the J.D. Power 2025 U.S. Pharmacy Study. This study measures customer satisfaction across multiple factors including pharmacists, store experience, cost, and merchandise. Health Mart's ranking reflected the personalized service and community focus of its independent pharmacy model.

Health Mart Pharmacy of the Year: Health Mart presents an annual Pharmacy of the Year award at its ideaShare conference. In 2025, Dave's Pharmacy in Alliance, Nebraska, received the award for innovative clinical services, including comprehensive medication therapy management and community health programs. The award recognizes franchise members who demonstrate excellence in independent pharmacy practice.

NCPA Recognition: Health Mart franchise members have received recognition from the National Community Pharmacists Association (NCPA) for leadership in community pharmacy practice. These awards highlight the network's commitment to community health and professional excellence.

Health Mart Recalls & Controversies

McKesson Opioid Settlement (2022): McKesson Corporation, Health Mart's parent company, agreed to a $5.9 billion settlement in 2022 to resolve opioid-related claims brought by states, local governments, and Native American tribes. The settlement addressed allegations that McKesson failed to adequately monitor and report suspicious orders of prescription opioids distributed through its network. The settlement is being paid over 18 years. While Health Mart pharmacies were not the primary focus of the opioid distribution allegations (which centered on McKesson's wholesale distribution to pharmacies, not its franchise network), the settlement affects the parent company that owns and operates the Health Mart brand. McKesson has since implemented enhanced monitoring and compliance systems for controlled substance distribution.

PBM Reimbursement Pressures: Independent pharmacies, including Health Mart members, have faced declining reimbursement rates from pharmacy benefit managers. The Federal Trade Commission has investigated PBM practices, and multiple states have passed legislation to regulate PBM reimbursement. Health Mart pharmacies have been affected by these pressures, with some members closing due to unsustainable margins. Health Mart provides group contracting support to help members negotiate better reimbursement terms, but the structural challenge of PBM control over prescription drug pricing remains ongoing.

Independent Pharmacy Closures: The independent pharmacy segment has experienced a net decline in recent years. According to the National Community Pharmacists Association, independent pharmacies closed at a rate of approximately 2-3 per week in 2024. Health Mart has not been immune to this trend, though its franchise support services help members remain competitive. Rural communities have been disproportionately affected by pharmacy closures, creating pharmacy deserts where residents must travel significant distances for prescription medications.

Brands Owned by McKesson Corporation

Biologics by McKessonHealthcare Pharmaceuticals

Biologics by McKesson

Owned by McKesson Corporation

Independent specialty pharmacy providing personalized patient care for oncology and rare disease treatments owned by McKesson Corporation.

specialty-pharmacyoncologyrare-disease
McKesson Medical-SurgicalHealthcare Pharmaceuticals

McKesson Medical-Surgical

Owned by McKesson Corporation

Medical-surgical supplies distribution division of McKesson Corporation (NYSE: MCK). Serves physician offices, hospitals, and long-term care facilities across North America.

medical-suppliesequipment-distributionhealthcare-provider
McKesson Provider TechnologiesHealthcare Pharmaceuticals

McKesson Provider Technologies

Owned by McKesson Corporation

Healthcare IT division of McKesson Corporation (NYSE: MCK) providing electronic health records, pharmacy management, and clinical software to hospitals and health systems. Now part of McKesson Prescription Technology Solutions.

healthcare-technologyelectronic-health-recordspharmacy-management
View all brands owned by McKesson Corporation

Health Mart Ownership: Pros & Cons

Advantages

  • +Access to McKesson's pharmaceutical distribution network, the largest in the United States
  • +Group purchasing power through McKesson's scale, with $330 billion in annual revenue
  • +J.D. Power recognition for customer satisfaction (2025)
  • +Technology platform including pharmacy management systems and clinical service tools
  • +Marketing support and national brand identity for independent pharmacies
  • +Business advisory services and operational efficiency tools

Considerations

  • -Parent company McKesson's $5.9 billion opioid settlement affects brand reputation
  • -PBM reimbursement pressures squeeze independent pharmacy margins
  • -Independent pharmacy closures continue at 2-3 per week nationally
  • -Franchise fees and operational requirements add costs for member pharmacies
  • -Competition from CVS, Walgreens, mail-order, and online pharmacies
  • -Dependency on McKesson's supply chain and corporate policies

Frequently Asked Questions About Health Mart

Sources & Further Reading

  • Health Mart Official Website -
  • McKesson Corporation Official Website -
  • McKesson Investor Relations (NYSE: MCK) -
  • J.D. Power 2025 U.S. Pharmacy Study -
  • National Community Pharmacists Association -
  • McKesson Opioid Settlement Information -
  • Health Mart Wikipedia -
  • McKesson Wikipedia -
  • SEC EDGAR: McKesson Corporation -
  • FTC Pharmacy Benefit Manager Report -

Competitors 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.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Duane ReadeDuane Reade
Walgreens Boots Alliance
USA
1960
Mass marketUnited statesAll Genders
WalgreensWalgreens
Walgreens Boots Alliance
USA
1901
Mass marketUnited statesAll Genders

Learn More About Competitors

Duane ReadeHealthcare Pharmaceuticals

Duane Reade

Owned by Walgreens Boots Alliance

Duane Reade is a New York City drugstore chain owned by Walgreen Co. under Sycamore Partners, operating approximately 90 stores across the five boroughs.

pharmacydrugstorenew-york
WalgreensHealthcare Pharmaceuticals

Walgreens

Owned by Walgreens Boots Alliance

Walgreens is the largest U.S. pharmacy retail brand, operating roughly 8,000 stores. It went private in August 2025 under Sycamore Partners as a standalone company.

pharmacydrugstoreretail-pharmacy

Competitive Analysis

Market Positioning: Health Mart competes with 2 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.

Independent Alternatives to Health Mart

Looking for brands with different ownership structures? These similar brands are not owned by McKesson Corporation, giving you alternative choices that support different corporate structures.

Duane ReadeHealthcare Pharmaceuticals

Duane Reade

Owned by Walgreens Boots Alliance

Duane Reade is a New York City drugstore chain owned by Walgreen Co. under Sycamore Partners, operating approximately 90 stores across the five boroughs.

pharmacydrugstorenew-york
Privately Owned

Duane Reade is privately owned, unlike Health Mart which is under a publicly traded parent company.

WalgreensHealthcare Pharmaceuticals

Walgreens

Owned by Walgreens Boots Alliance

Walgreens is the largest U.S. pharmacy retail brand, operating roughly 8,000 stores. It went private in August 2025 under Sycamore Partners as a standalone company.

pharmacydrugstoreretail-pharmacy
Privately Owned

Walgreens is privately owned, unlike Health Mart which is under a publicly traded parent company.

BootsHealthcare Pharmaceuticals

Boots

Owned by Walgreens Boots Alliance

Boots is the UK's leading pharmacy-led health and beauty retailer, founded in 1849, now operating as The Boots Group under Sycamore Partners since August 2025.

pharmacyhealth-beautyuk-retail
Privately Owned

Boots is privately owned, unlike Health Mart which is under a publicly traded parent company.

Pharmacy DirectHealthcare Pharmaceuticals

Pharmacy Direct

Owned by Chempro Chemists

Australian online pharmacy operated by Chempro Chemists from Molendinar, Queensland. Offers prescription medications, health products, and wellness items through digital platforms and mail-order delivery.

online-pharmacymail-orderdigital-health
Privately Owned

Pharmacy Direct is privately owned, unlike Health Mart which is under a publicly traded parent company.

TirosintHealthcare Pharmaceuticals

Tirosint

Owned by IBSA Institut Biochimique S.A.

IBSA Institut Biochimique SA's branded levothyroxine softgel capsule (Tirosint) and liquid solution (Tirosint-SOL), FDA approved for hypothyroidism, formulated without dyes, gluten, lactose, alcohol, or sugar, providing an excipient-free alternative to conventional levothyroxine tablets for patients with sensitivities or absorption issues.

levothyroxinehypothyroidismthyroid
Privately Owned

Tirosint is privately owned, unlike Health Mart which is under a publicly traded parent company.

Bausch + LombHealthcare Pharmaceuticals

Bausch + Lomb

Owned by Bausch + Lomb Corporation

Global eye health company and contact lens manufacturer founded in 1853, known for ULTRA, Biotrue One Day, and INFUSE lens lines. Public on NYSE and TSX under BLCO.

contact-lensesvision-carebausch-lomb
Publicly Traded

Bausch + Lomb operates independently without a large parent corporation.

McKesson Corporation Stock Information

Jobs at McKesson Corporation

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Last reviewed: August 1, 2026 · Reviewed by Who Brands Editorial Team