The past few years have been remarkably busy ones in the healthcare industry, as companies have been trying to adapt to regulations of the Affordable Care Act (ACA), Trump’s new American Health Care Act brings a lot of uncertainty to the Health care Industry. The industry is consolidating with new mergers and acquisition. Here are top 5 health care companies ranked by revenue.
Top Healthcare Companies In USA
They are the largest pharmaceutical distributor in the U.S. The company has been on the rise in its increased sales in wholesale drug distribution segment, as well as taking a larger stake in Celesio. In the beginning of 2014, the San Francisco-based company acquired Celesio in full and now focuses on developing, implementing and supporting software within the medical community. McKesson is a Fortune Global 500 company and the 5th highest revenue generating company in the United States.
An American managed health care company based in Minnetonka, Minnesota, it is ranked on the 6th position on the list of Fortune 500. UnitedHealth Group offers products and services through two operating businesses, i.e. UnitedHealthcare and Optum, both are the subsidiaries of UnitedHealth Group. UnitedHealth Group serves nearly around 70 million individuals throughout the United States. In the year 2015, the company reported an operating income of $11 billion.
An American retail pharmacy and health care company headquartered in Woonsocket, Rhode Island. The company started operation in the year 1964. After already owning the top spot as the nation’s leading prescription drug retailer and the second-largest pharmacy benefits manager, CVS Health is growing in an attempt to become a fully-integrated provider of health services. In 2015, the company purchased Target’s 1,600 pharmacies as well as drug delivery company Omnicare. They have also been in the process of transitioning into a full-service health management company. In 2016, it ranked seventh on the Fortune 500 and 18th on the Fortune Global 500 list
AmerisourceBergen Corporation is an American drug wholesale company which was formed by the merger of Bergen Brunswig and AmeriSource in the year 2001. They are a market leader in pharmaceutical distribution handling about 20% of all the pharmaceuticals sold and distributed throughout the country. They are also ranked 16th on the Fortune 500 list for 2015 with over $100 Billion in annual revenue.
Express Scripts Holdings is a full-service manager of pharmacy benefits, they helped lead the sector’s new trend of consolidation after purchasing Medco Health Solutions in 2012. Since that deal, the company’s revenues have doubled and they made it the top pharmacy benefits manager.
Other healthcare companies who are big players in the US healthcare market are Cardinal Health, Walgreens Boots Alliance, Johnson & Johnson, Anthem and Aetna.
Date: June 7, 2017