
McKesson Medical-Surgical is owned by McKesson Corporation (NYSE: MCK), a publicly traded American healthcare company headquartered in Irving, Texas. It operates as a wholly-owned division within McKesson's Medical-Surgical Solutions segment, distributing medical supplies, equipment, and pharmaceuticals to healthcare providers across the United States and Canada. McKesson reported $330.6 billion in revenue for fiscal year 2025 and ranks number 9 on the Fortune 500.
Parent Company
Founded
1987
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| McKesson Medical-Surgical | McKesson Corporation | Wholly owned |
McKesson Corporation traces its roots to 1833, when John McKesson and Charles Olcott founded Olcott & McKesson in New York City as an importer and wholesaler of therapeutic drugs. The company merged with Daniel Robbins & Co. in 1834 to become McKesson & Robbins, one of the earliest pharmaceutical wholesalers in the United States. The company survived the Civil War, two World Wars, and the Great Depression, growing through acquisitions into a national pharmaceutical distributor.
The Medical-Surgical division was formally established in 1987 to serve the growing demand for non-pharmaceutical medical supplies from physician offices, ambulatory surgery centers, and home health agencies. This was a strategic diversification beyond McKesson's core pharmaceutical distribution business. The division initially focused on disposable medical supplies: gloves, gowns, syringes, wound care products, and basic diagnostic equipment.
In the 1990s, the division expanded through acquisitions of regional medical-surgical distributors. McKesson acquired General Medical, the largest physician-office supply distributor in the United States, in 1999. This acquisition gave McKesson Medical-Surgical a dominant position in the physician office supply channel.
In 2015, McKesson Medical-Surgical opened a new headquarters and distribution center in Richmond, Virginia. The Richmond facility consolidated several smaller distribution operations and improved delivery times to healthcare providers across the Mid-Atlantic and Southeast regions.
In 2023, McKesson reorganized its reporting segments. The Medical-Surgical Solutions segment was formally separated from the Pharmaceutical Distribution segment in financial reporting. This change gave investors visibility into the medical-surgical business as a distinct profit center. In fiscal 2025, the Medical-Surgical Solutions segment reported revenue of $12.5 billion, representing approximately 3.8% of McKesson's total revenue.
In 2024 and 2025, McKesson Medical-Surgical expanded its e-commerce platform, McKesson Medical-Surgical Online, to support digital ordering, inventory management, and spend analytics for healthcare providers. The platform serves over 200,000 healthcare providers across the United States.
In 2026, the division continued to focus on supply chain resilience, particularly for personal protective equipment and critical care supplies. McKesson Medical-Surgical also expanded its private-label product line, which offers lower-cost alternatives to national brands and generates higher margins for the division.
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.
McKesson Medical-Surgical operates under McKesson Corporation's sustainability framework. McKesson has committed to science-based emissions reduction targets approved by the Science Based Targets initiative (SBTi). The company aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030 from a 2021 baseline. For Scope 3, McKesson targets that 70% of suppliers by spend will have SBTi-approved reduction targets by 2027.
In fiscal 2025, nine McKesson facilities achieved Green Building Standards (GBS) certification, the company's internal framework for energy efficiency, water conservation, and occupant wellness. McKesson has invested in renewable energy through Virtual Power Purchase Agreements (VPPAs), including a partnership with Recurrent Energy's 100-MWac Liberty Solar plant in Liberty County, Texas.
For cold chain logistics, McKesson uses a reusable packaging system that reduces waste while maintaining temperature control for pharmaceuticals and temperature-sensitive medical supplies. The system includes reusable outer shells, inner linings, and phase change materials that maintain 2-8 degrees Celsius for up to 24 hours. McKesson has also piloted electric delivery vehicles and implemented route optimization software to reduce transportation emissions.
McKesson Medical-Surgical does not hold independent sustainability certifications. The division's environmental impact is primarily driven by its distribution operations: warehouse energy use, transportation fuel consumption, and packaging waste. McKesson reports on these metrics at the corporate level in its annual ESG report.
McKesson Corporation is not a B Corporation. The company does not have specific third-party ethical certifications for its distribution operations, but it adheres to FDA, DEA, and state regulatory requirements for medical device and pharmaceutical distribution.
McKesson Corporation has received recognition for its corporate sustainability and healthcare leadership. The company was named to the Dow Jones Sustainability Index (DJSI) North America in 2024. McKesson's SBTi-approved climate targets have been recognized by CDP, which awarded the company a B score for climate change disclosure in 2024.
McKesson was named one of the World's Most Ethical Companies by Ethisphere Institute in 2024, though it was not included in the 2025 or 2026 lists. The company's health equity initiatives, including pilot programs in Avondale, Ohio to improve pharmacy access in underserved communities, have received recognition from healthcare industry organizations.
McKesson Medical-Surgical as a division does not receive separate industry awards. Its recognition comes through McKesson Corporation's overall rankings, including its position on the Fortune 500 (number 9 in 2025) and its inclusion on Forbes' list of America's Best Employers.
Opioid Distribution Settlement (2024): In August 2024, McKesson, along with Cencora and Cardinal Health, agreed to a $300 million class action settlement resolving allegations from health insurers and benefit plans regarding the distributors' role in the opioid epidemic. The settlement covered third-party payers that paid for overprescribed opioids and subsequent addiction treatment. The distributors did not admit wrongdoing. This was separate from the larger $21 billion national opioid settlement that McKesson, Cencora, and Cardinal Health agreed to in 2022.
Suspicious Orders Settlement (2017): McKesson agreed to pay a record $150 million to resolve allegations of failing to report suspicious orders of controlled substances to the DEA. The U.S. Attorney's Office for the District of New Jersey announced the settlement. McKesson also agreed to enhanced compliance measures, including multi-year audits of its controlled substance distribution. This settlement was resolved and the compliance program is ongoing.
Kickback Lawsuit (2024): In March 2024, a federal appeals court revived a whistleblower lawsuit accusing McKesson of providing drug pricing tools to doctors for free to induce them to purchase drugs from the company. The 2nd U.S. Circuit Court of Appeals allowed the case to proceed. As of 2026, the case is still in litigation. McKesson has denied the allegations.
Generic Drug Price-Fixing Settlement: McKesson reached a $141 million settlement resolving allegations it misled investors about profits from a price-fixing conspiracy among generic drug manufacturers. The settlement was paid by the company's insurers and disclosed in an SEC filing. The matter is resolved.
Note: These controversies relate to McKesson Corporation's pharmaceutical distribution business, not specifically to the Medical-Surgical division. However, they affect the corporate reputation under which McKesson Medical-Surgical operates.
No direct competitors found in the same category. This could be because McKesson Medical-Surgicaloperates in a unique market segment or we're still building our competitor database.
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