McKesson Corp. (NYSE: MCK), San Francisco, CA, reported sales for the third quarter ended Dec. 31 of $50.1 billion, a 5 percent increase from the same period a year ago. Profit for the quarter was flat at $633 million.
Distribution solutions sales were up 5 percent year-over-year to $49.4 billion, while technology solutions sales were flat at $0.7 billion.
For the first nine months of the fiscal year, sales were $149.8 billion, a 4 percent increase from the previous year. Profit decreased 19 percent to $1.5 billion.
On Jan. 24, 2017, McKesson entered into an agreement to acquire CoverMyMeds, Columbus, OH, for $1.1 billion.
