McKesson Corporation (NYSE: MCK), a leading Healthcare Services company, announces it has entered into a definitive agreement with funds managed by affiliates of Apollo (“Apollo Funds”), under which Apollo Funds will acquire a minority ownership interest in McKesson’s Medical-Surgical Solutions (“MMS”) business. This transaction represents a meaningful milestone as McKesson executes its separation strategy of MMS in preparation of a planned initial public offering. Apollo Funds will invest $1.25 billion in convertible preferred equity of MMS to acquire an approximately 13% minority interest in MMS.
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Source: https://www.businesswire.com/news/home/20260419371419/en/McKesson-Signs-Agreement-with-Apollo-Funds-for-Strategic-Minority-Interest-in-Medical-Surgical-Solutions