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
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Growth capital
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