McKesson Sells 20% Stake in Medical-Surgical Solutions to Apollo for $7.4B

April 20, 2026

McKesson announced it will sell a 20% stake in its Medical-Surgical Solutions division to funds managed by Apollo Global Management in a transaction valuing the division at $37 billion (enterprise value). McKesson will retain 80% ownership and operational control while receiving $7.4 billion in equity proceeds, with up to $6 billion planned for share buybacks.

Targets
McKesson Medical-Surgical Solutions
Sellers
McKesson Corporation
Location
United States
Transaction Type
Growth capital

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