~McKesson Corporation to invest $50 million in distribution operation~
RICHMOND- Governor Bob McDonnell today announced that McKesson Corporation, a leading healthcare services and information technology company, will invest about $50 million to establish distribution operations in Caroline County. The project will create approximately 150 new jobs. The company will distribute pharmaceuticals and health care products to independent retail, national retail accounts and institutional accounts. Virginia successfully competed against Maryland and Pennsylvania for the project.
Speaking about today’s announcement, Governor McDonnell said, “Yesterday, Virginia was named the most pro-business state in America. It is because of our strong business climate that a FORTUNE 500 company like McKesson has decided to establish its second Virginia operation in Caroline County. The company distributes vital products that enable the healthcare industry to provide better care to patients across their east coast market. This distribution center operation will enhance its total supply chain efficiency, utilizing Virginia’s interstate network and cost-friendly business structure. In addition to making a significant investment in the Commonwealth, McKesson will provide approximately 150 new employment opportunities.”
Headquartered in San Francisco, Calif., McKesson, which is currently ranked 14th on the FORTUNE 500, is dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes and improving the quality and safety of patient care. Throughout its 177-year history, McKesson has grown by providing pharmaceutical and medical-surgical supply management across the spectrum of care; healthcare information technology for hospitals, physicians, homecare and payors; hospital and retail pharmacy automation and services for manufacturers and payors that are designed to improve patient outcomes.
“After reviewing a number of excellent options in the region, we’re extremely pleased to have selected Caroline County as home to our newest distribution center,” said John Figueroa, president, U.S. Pharmaceutical Distribution, McKesson Corp. “Once complete, this new facility will allow us to more efficiently serve our growing customer needs with the most advanced material handling systems available while providing new employment opportunities in the region.”
The Virginia Economic Development Partnership worked with Caroline County and the Fredericksburg Regional Alliance to secure the project for Virginia. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program.
“Caroline County is gratified that a FORTUNE 14 Company has chosen our community,” said Caroline County Board of Supervisors Chairman “Maxie” Rozell. “McKesson is a great investment that can show the way for other firms to choose Caroline County as their business home.”