One of North Texas’ largest job imports this year, health-care giant McKesson, will formally open the doors to its new Irving campus Thursday with plans to bring nearly 1,000 jobs to the Dallas-Fort Worth area.
San Francisco-based McKesson delivers pharmaceuticals, business services and medical supplies to hospitals, health-care systems and retail pharmacies across the country and around the world. It has more than 70,000 employees. One-third of pharmaceuticals used each day in North America are delivered by McKesson.
The U.S. pharmaceutical distributor is one of the largest announced corporate moves to North Texas, along with other giants like State Farm with 8,000 workers, JP Morgan Chase with 6,000 workers and Toyota with 5,000 workers. McKesson’s new campus has capacity for about 2,400 people.
McKesson already had approximately 900 employees at several different offices in the Dallas-Fort Worth area. With its new corporate office in Irving, McKesson pledged to add 975 new jobs and spend $157 million in capital investments. It’s been awarded a grant of $9.75 million in economic incentives from the Texas Enterprise Fund — one of the largest grants awarded by the state since Toyota. The city of Irving is also providing more than $2 million in incentives to McKesson.
The major corporate office will become the new home of the company’s U.S. Pharmaceuticals Group, which will move from San Francisco to Irving. It is the company’s largest business unit and biggest revenue driver. McKesson’s four major offices will now be in San Francisco, Dallas, Scottsdale and Atlanta.
Chief executive officer John Hammergren said McKesson looked to Dallas-Fort Worth for expansion because of its large existing employee base, its reasonable cost of living and Texas’ business-friendly climate. He said its central location and time zone are a great fit for a pharmaceutical supply chain company.
He called the U.S. Pharmaceutical Group, which will be based in Irving, “the core of our business.”
Hammergren said McKesson’s mission of boosting efficiency is especially relevant as healthcare companies look to cut costs and serve an aging U.S. population that demands more pharmaceuticals and medical care.
McKesson bought the former NEC Corporation of America office on State Highway 114 in Las Colinas. The campus is made up of a five-story building and nine-story building, which are connected to one another. Its amenities include a large cafeteria, fitness center and a tech bar that’s modeled after the Apple store’s Genius Bar. The campus also has a museum-like display with models of a doctor’s office, pharmacy counter and hospital room to demonstrate how McKesson helps keep pharmaceuticals and supplies in stock.
It is also home to a large conference center that will host training seminars and conferences of McKesson employees who fly in from around the country.
On Wednesday, workers put the finishing touches on the new McKesson campus by mulching flowerbeds, rearranging furniture and hanging artwork on the walls. McKesson will host a grand opening Thursday that will be attended by company executives, Gov. Abbott, Irving Mayor Beth Van Duyne and chamber of commerce members.
The pharmaceutical distributor ranked fifth on the Fortune 500 list last year, but unlike its large corporate peers Walmart, Exxon Mobil and Apple, its name is lesser known.
“There’s a famous saying, ‘McKesson is the largest company you’ve never heard,” said Mike Huaco, McKesson’s senior vice president of corporate real estate.
McKesson bills itself as the oldest and largest healthcare company in the U.S. It was started in 1833 by John McKesson and Charles Olcott, who opened a drug import and wholesale business in Manhattan.
Presented by the Dallas Morning News – April 6, 2017