Charles M. Olcott | |
|---|---|
 | |
| Died | 1853 |
| Occupation | Apothecary |
| Known for | founding McKesson Corporation |
Charles M. Olcott (died 1853) was an American pharmacist. He is noted for co-founding the McKesson Corporation, the largest health care company in North America and ninth-largest company in the United States. [1]
Olcott was trained as an apothecary, which was the precursor of the modern pharmacist profession. [2] After completing his education, he started working for a chemist and was also believed to have provided medical advice and even occasional surgery and midwifery. [2]
Several years later, he was employed as a clerk for Warner, Prall, & Ray, the center of Jobbing Drug business in New York City. [3] Olcott then started his own apothecary business, which turned into a successful semi-jobbing business located at the corner Madison and Catherine streets.
Together with John McKesson, Olcott founded Olcott & McKesson in 1833. [4] Its headquarters was set up at 145 Maiden Lane, the center of Manhattan's wholesale district. [2] It promoted itself as a business engaged in the import of medicine. The company was established after the partners bought out the stock and lease of a wholesaler who was about to retire. [2] In the beginning, the company was involved in the wholesale of botanical-based drugs, including herbs and vegetable extracts. [5] Later, the company also started providing therapeutic drugs and chemicals such as acids, elixirs, tinctures, and essential oils. [6] [7]
Olcott died in 1853. [4]
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