America’s largest pharmaceutical distributor slips two spots on the Global 500 this year, but the continued strength of its distribution business—serving as the middleman between manufacturers and pharmacies—lifted revenues 4.9%. The acquisition of Rexall Health powered some of that growth as did trends like the nation’s climbing drug prices and rising drug utilization rates. McKesson also moved ahead with its plan to divest its technology businesses in deals with Change Healthcare and Allscripts. The company, along with the country’s other large drug distributors, remains a target of litigation over its alleged role in the nation’s opioid epidemic.
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