Evercore Says McKesson Wins OptumRX Contract Starting July
Portfolio Pulse from Benzinga Newsdesk
Evercore has reported that McKesson has secured a contract with OptumRX starting in July, according to Bloomberg. This development is significant for McKesson, indicating a potential boost in its business operations and future revenue streams.
April 22, 2024 | 1:18 pm
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POSITIVE IMPACT
McKesson's win of the OptumRX contract is a significant development, likely to positively impact its revenue and business growth.
Securing a contract with OptumRX is a major win for McKesson, indicating a potential increase in revenue and business operations. This development is likely to be viewed positively by investors, potentially leading to a short-term increase in McKesson's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Evercore's involvement in reporting McKesson's contract win with OptumRX may reflect positively on its analytical and advisory capabilities.
While Evercore's role in reporting the contract win is positive, it does not directly impact its financials or stock price in the short term. However, it showcases Evercore's analytical and advisory capabilities, which could indirectly benefit its reputation in the long run.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Cardinal Health is not directly impacted by McKesson's contract win with OptumRX, but it could face increased competition.
Although Cardinal Health is not directly involved in McKesson's contract win with OptumRX, this development could increase competition in the healthcare supply chain sector, potentially putting pressure on Cardinal Health's market position and possibly affecting its stock price negatively in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 30