Medical Healthcare CompaniesEnterprises of the medical health service
Largest healthcare companies in the globe in 2018
In 2017, McKesson Corporation recorded sales of 4.9% higher than the prior year due to higher prices, higher utilization of medicines, acquisition activity and other customer relations within its North American pharma distributor franchise. McKesson, headquartered in the USA, offers medicines, medical devices and other hospital and healthcare system related solutions.
In addition, it provides pharma service for biotech and medical companies and supplies devices and service for the outpatient sector. With its business units in the areas of distributed systems and technological systems, the enterprise is active in this field. In March 2017, McKesson established a JV with Change Healthcare Holdings (CHH) to offer a suite of cutting edge cost effective healthcare products for payors, vendors and customers.
Under the name Change Healthcare, the new unit brings together CHH's full range of businesses with the vast majority of McKesson's technological solution businesses. The UnitedHealth Group recorded sales in 2017 of 9% compared to the previous year. Through its UnitedHealthcare and Optum businesses, the organization posted sales increases of 13% and 11%, respectively. The UnitedHealth Group, headquartered in Minnesota, USA, is a medical services organization for individuals in the USA and 130 other states.
In January 2018, the UnitedHealthcare Global business unit combined with Chilean Empresas Banmédica, allowing the UnitedHealth Group to extend its service to Chile, Peru and Colombia. Fortune has also been named one of Fortune's 2018 World's Most Admired Companies for the Life Sciences, Life Sciences, Healthcare, Insurance and Managerial Business. In 2017, sales of the pharmaceutical innovator CVS Health grew by 4.1% over the previous year, mainly due to expansion of the pharmaceutical store portfolio, the volume of prescriptions and the launch of PBM (Pharmacy Profit Management) products.
Based in Rhode Island, USA, the organization has more than 9,800 retailers and up to 1,100 MinuteClinic medical centers. The CVS Health business is active through its dispensing business, retail/long-term healthcare (LTC) and business to business. In December 2017, CVS Health signed a final fusion contract to take over the healthcare provider Aetna for 69 billion dollars.
CVS Health will benefit from the deal, which is scheduled to close in 2018, to further enhance its competitive edge. AmerisourceBergen Corporation's Pharma Delivery Service business grew by 4.3% year on year, driven by the sales performance of the Company's pharmaceuticals division. Walgreens Boots Alliance and Express Scripts accounted for 45% of the company's revenues.
AmerisourceBergen Corporation is a procurement and sales service provider of pharmaceuticals to healthcare professionals, veterinarians and pet owners. The recent takeover of the US subsidiary D Smith is anticipated to boost AmerisourceBergen's sales by up to 11% in 2018. In 2017, Cardinal Health recorded a 7% sales growth compared to 2016.
In addition, the two operating divisions Pharma and Medicine boosted their sales by 7% and 9%, respectively. Cardinal Health, headquartered in Dublin, Ohio, USA, provides medical devices, medicines and healthcare equipment for hospital, pharmacy, healthcare system, clinic laboratory, outpatient surgical center and medical practice. Employing 50,000 people, the organization services customers in 60 nations around the world.
In July 2017, Cardinal Health purchased Medtronic's patient care, deep vein thrombosis and nutritional insufficiency business for $6.1 billion. As a result of the takeover, Cardinal Health's range of products was expanded to around 21,000 SKUs in 1,200 different category groups. Scripts Holding is one of the largest pharmaceutical utility manager in the USA.
In 2017, sales were generated from the supply of medicines subject to medical prescriptions, which made up 98%. 2 percent of sales. Pharmaceucy Profit Mangement ( "PBM") made a 95 percent contribution. 2 percent on sales in 2017. Express Scripts, based in Missouri, USA, provides a variety of service offerings, which include home supply pharmaceutical maintenance, specialty pharmaceutical maintenance, networking pharmaceutical maintenance, and service structuring consulting.
It has been classified as one of Fortune's 2017 World's Most Admired Companies. In May 2017, Express Scripts purchased myMatrixx Holdings for $250 million and e-viCore for approximately $3.6 billion in December 2017. Aim of the acquisition was to expand the range of products and solutions for pharmacies and health care. Anthem's sales in 2017 grew 5.8% year on year, boosted by sales expansion in all divisions, as well as the Trading and Specialty businesses (5.3%) and the Governments businesses (6.2%).
Anthem, headquartered in Indiana, USA, is a healthcare provider of medical and specialty devices. Trade and Specialties encompasses regional groups, economic accounting and specialty transactions, while Governments encompasses Medicaid and Medicare, a Confederation staff program and domestic civil service operations.
In 2017, the company's medical enrollment rate rose by 0.8% to 40. The number of members in the trading and specialty businesses rose by 278,000 in 2017. In February 2018, the takeover of 1H Custom in Florida expanded the customer basis of Anthem's Medicare and Medicaid affiliate plan to 780,000.
In 2017, Kaiser Permanente recorded sales of 72.7 billion dollars, an annual rise of 12.5% over 2016. The Foundation conducts its operations through units, which include the Kaiser Foundation Hospital and its subsidiary companies, the Kaiser Foundation Health Plan and the Permanent Medical Groups. Kaiser Permanente, headquartered in Oakland, California, offers 11. The company has 39 clinics and 680 medical institutions with 213,087 employees.
It was one of the first companies to win the "Centers for Medicare & Medicaid Services' Health Equity Award" in February 2018. In February 2017, Kaiser Permanente took over the Washington-based Group Health Cooperative and expanded its operations by approximately 651,000 Group Health members and 6,000 people. Aetna' sales declined 4% in 2017 from $63.1 billion in 2016 due to lower healthcare premium levels, the temporarily suspended healthcare fund premium and the November USD 1.45 billion divestment of its group life and accident policy to Hartford Life and Accident in November.
Collective business included German group pension business, group invalidity business and absenteeism business. About Aetna: Aetna is a healthcare provider headquartered in the USA. They offer around 37 healthcare product and related service offerings. It is active in the healthcare and large annuity sectors.
In December 2017, the number of medical members of the organization was 23,487, while the number of member companies in the field of dentistry and pharmaceutical service was 13,427 and 13,765, respectively. Humana ended a July 2015 contract to merge with Humana in a lawsuit asserting that the transaction would infringe Section 7 of the Clayton Antitrust Act.
According to the cancellation memorandum of understanding concluded in February 2017, Aetna was paying Humana a cancellation charge of USD 1 billion. Humana's sales in 2017 fell by 1% compared to the previous year due to lower sales in the business segments. Income from overall awards and benefits also fell 1% year on year to USD 53.36 billion. Headquartered in Louisville, Kentucky, the organization has approximately 260,000 employees and 195 hospitals in 27 countries.
The Humana Group is active in the following segments: retailing, corporate and specialties, healthcare products and certain business units. In November 2017, the corporation entered into a final sale and purchase arrangement with Continental General Insurance Corporation for its KMG America Corporation affiliate. In December 2017 she also entered into a final deal to purchase a 40% non-controlling interest in Kindred at Home Division of Kindred Healthcare for $800 million.
In 2017 Humana opened 15 new hospitals in seven stores.