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
Where Is Health Mart Made / Based?
- Headquarters: Livonia, Michigan, USA
- Manufacturing / Operations: United States
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
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors 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 | Asia Pacific | All Genders | |
| Novartis | Switzerland | 2009 | Mass Market | Global | All Genders | |
| Cardinal Health | USA | 2014 | Mass Market | North America | Male | |
| Cardinal Health | USA | 2010 | Mass Market | North America | All Genders | |
| Cvs Health | USA | 1982 | Mass Market | North America | All Genders | |
| Sanofi | France | 2002 | Mass Market | Europe | All Genders |
Learn More About Competitors

Adcetris
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Afinitor
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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.

Eloxatin
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Prescription chemotherapy medication for treating colorectal cancer, manufactured and marketed by Sanofi.
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
Latest News About Health Mart
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