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McKesson Corp.F1Q09 (Qtr. End 06/30/08) Earnings Call Transcript

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2008-07-23 16:51:09.0

Tags: McKesson Corp.

Question-and-Answer Session

Thank you. [Operator Instructions]. Our first question comes from Bret Jones from Leerink Swann, your line is open.

John H. Hammergren - Chairman of the Board, President and Chief Executive Officer

Bret?

Bret Jones - Leerink Swann

Good afternoon. Thanks for taking the question. I was wondering if you could update us, and this is probably a question directed at Pam. I was wondering if you could update us on the Horizon enterprise management. I think there were nine contracts for 14 facilities. I was wondering where that stands now? And if any of these facilities are running at different clinical system?

John H. Hammergren - Chairman of the Board, President and Chief Executive Officer

Well, Brett, Pam is not here on the call, so I'll attempt to answer the question. Horizon enterprise resource management was just recently launched. Is that the question you are asking about that product?

Bret Jones - Leerink Swann

Yes, but I believe you're still signing contracts even though it's going to launch in early next year, is that correct?

John H. Hammergren - Chairman of the Board, President and Chief Executive Officer

But we're signing contracts, but it isn't up and being implemented yet. It's a in the beta [ph] phase.

Bret Jones - Leerink Swann

No, I know --.

John H. Hammergren - Chairman of the Board, President and Chief Executive Officer

What was the question, how many contracts did we sign and how many more are we going to sign?

Bret Jones - Leerink Swann

No, no. The question was how many -- yeah, if you could give us an update on the number of contracts that had been signed, I believe it was stood at about nine contracts for 14 facilities, and now it's about a month, month and a half ago. And if any of these facilities that have signed contracts for this new financial system are running a different clinical system?

John H. Hammergren - Chairman of the Board, President and Chief Executive Officer

I can't answer the question about whether or not they are competitive D installs [ph]. Clearly, we believe the product is well suited for both existing McKesson customers upgrading to a more contemporary platform as well as competitive customers who might be running other systems to use this new product.

And the idea behind it really is that it will integrate much more effectively with the new clinical systems that we've sold, and perhaps others have sold. So we're excited about the launch, we are making progress and signing new deals with our customers but, I really don't have the specifics to share with you today.

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