McKesson Corporation (NYSE: MCK) announces the successful completion of the previously announced minority ownership interest investment from funds managed by affiliates of Apollo (“Apollo Funds”) in McKesson’s Medical-Surgical Solutions (“MMS”) business on June 1, 2026. This transaction represents a key milestone in McKesson’s intention to separate MMS into an independent, publicly traded company, and positions the business for long-term growth. Apollo Funds invested $1.25 billion in convertible preferred equity of MMS to acquire an approximately 13% interest in MMS. The transaction values MMS at approximately $13 billion total enterprise valuation.
Read the full article: McKesson Closes Strategic Investment with Apollo Funds for Minority Interest in Medical-Surgical Solutions //
Source: https://www.businesswire.com/news/home/20260601278636/en/McKesson-Closes-Strategic-Investment-with-Apollo-Funds-for-Minority-Interest-in-Medical-Surgical-Solutions