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Home > Company Index > Drugs > Drugs & Sundries Wholesale > QK Healthcare, Inc.

QK Healthcare, Inc.
 NEWS FROM THE STANDARD
IPO Weekly: The Unlucky Baker's Dozen
Mar 16 2001 03:12 PM PST

 PROFILE
Quality King Distributors is abdicating, spinning off its drug distribution subsidiary QK Healthcare. QK sells branded and generic pharmaceutical and other medical products to retailers, pharmacy benefit programs, and other distributors. The company stocks a comparatively small but focused product array; taking advantage of manufacturers' specials and other price discounts and buying and selling in bulk amounts. Quality King provides QK Healthcare with its headquarters, as well as management and consulting services. Chairman and CEO Glenn Nussdorf and his family own both Quality King and QK; they will retain 60% of QK after its IPO.

 COMPETITION
Bergen Brunswig Corporation (BBC)
Cardinal Health, Inc. (CAH)
McKesson HBOC, Inc. (MCK)

 FINANCIAL OVERVIEW
Fiscal Year-End: October
2000 Sales (mil.): 1,242.10
1-Yr. Sales Growth: 22.6%
Employees: 102
Revenue per employee: $12,177,450.98

 KEY PEOPLE
• Glenn Nussdorf
    CEO
• Michael Katz
    CFO

 CONTACT INFO
2060 9th Ave.
Ronkonkoma, NY 11779
US
Phone: 631-439-2000
Fax: 631-439-2222

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