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McKesson’s MED3OOO and Pioneer Medical Group Announce Strategic Partnership and Joint Venture

  McKesson’s MED3OOO and Pioneer Medical Group Announce Strategic Partnership
  and Joint Venture

    Partnership Will Provide Pioneer Medical Group with Enhanced Practice
         Management Services and Structure for Organizational Growth

Business Wire

ATLANTA -- January 28, 2013

McKesson today announced that MED3OOO and Pioneer Medical Group have signed a
definitive agreement to jointly own and operate a new advanced management
services joint venture. MED3OOO was recently acquired by McKesson and operates
as part of McKesson Revenue Management Solutions. The joint venture represents
an important step toward McKesson’s goal of helping providers achieve better
business health by improving their operations.

The joint venture will offer physician group management, operations (including
revenue cycle management), administration, hosted technology solutions, data
warehousing and third-party administrative services, and sophisticated data
management for provider groups and networks, employers, and hospitals. With
Pioneer Medical Group as its initial customer, the joint venture is positioned
to expand to other interested physicians and physician groups in the greater
Los Angeles area in the future.

Pioneer Medical Group is one of the premier multi-specialty physician groups
in California. Based in Cerritos, Calif., the group includes 45
multi-specialty physicians with offices in Bellflower, Cerritos, Downey,
Lakewood, Long Beach, Los Alamitos, and South Gate.

“We selected MED3OOO for this strategic partnership to help ensure our
continued success in the ever-changing healthcare environment while continuing
to preserve the great Pioneer brand and our autonomy as a physician-owned
medical group,” explained John M. Kirk, chief executive officer, Pioneer
Medical Group. “This partnership approach enables our medical group and
independent practice association to maintain that independence from
institutional ownership. The people of MED3OOO understand physicians and have
a track record of building successful, long-term, meaningful partnerships. I
am delighted to be associated with this great organization, and I believe that
its vision, capabilities and culture of partnership will be an excellent fit
with ours.”

“MED3OOO and Pioneer Medical Group are in alignment with the core missions of
improving the quality and cost of care in the communities we serve,” stated
Patrick Hampson, president, MED3OOO. “Pioneer Medical Group is led by strong
physician and management teams. Our partnership will focus on expanding the
group’s capabilities with technologies and operational resources to help grow
the organization. We believe that physicians who want to remain independent
will be attracted to joining Pioneer Medical Group and to be part of a
physician-led organization managed by a company that can provide the added
capabilities to help them spend more time on healthcare delivery and their
patients. We are confident that the patients of Pioneer Medical Group also
will benefit in both quality and cost of care.”

MED3OOO, recently acquired by McKesson, includes more than 1,900 employees who
now operate as part of McKesson Revenue Management Solutions. Prior to joining
McKesson, MED3OOO was recognized by Inc. magazine on its Top 5,000 List for
the last five years as one of the fastest growing companies in the nation.
MED3OOO offerings include an array of proprietary and non-proprietary
healthcare management products and services, advanced operational
infrastructure, and technology solutions. Customers include physician groups,
hospitals and health systems, employers, and accountable care organizations
(ACOs). ACO customers include those organizations that have been accepted for
CMS shared savings programs and physician associations with risk-based
contracts, as well as hospitals, physician groups, employers, and state and
local governments.

A leader in medical billing and practice management services, McKesson Revenue
Management Solutions (including MED3OOO) comprises more than 6,500 experienced
revenue cycle professionals. Its services are uniquely designed to help
practices improve efficiency and grow revenues while staying current with the
latest regulatory requirements. Revenue Management Solutions plays a strategic
role in McKesson’s Better Health 2020^TM strategy, which is focused on
providing the capabilities needed to reduce costs, improve financial
performance and successfully manage complex payment models.

About Pioneer Medical Group

Pioneer Medical Group is a physician-owned multi-specialty medical group with
operations in eight clinical locations in Los Angeles and Orange Counties. PMG
was formed in October 2000 by 54 physicians and throughout the years has
received numerous awards and recognition for clinical measures, IT
development, and patient satisfaction. In addition to its fee-for-service
business, PMG has capitated enrollment of approximately 35,000 covered lives.

About McKesson Corporation

McKesson Corporation, currently ranked 14th on the FORTUNE 500, is a
healthcare services and information technology company dedicated to making the
business of healthcare run better. We partner with payers, hospitals,
physician offices, pharmacies, pharmaceutical companies and others across the
spectrum of care to build healthier organizations that deliver better care to
patients in every setting. McKesson helps its customers improve their
financial, operational, and clinical performance with solutions that include
pharmaceutical and medical-surgical supply management, healthcare information
technology, and business and clinical services. For more information, visit
www.mckesson.com.

Contact:

McKesson
Yancey Casey, 404-338-2468
yancey.casey@mckesson.com