McKesson plans Medical-Surgical spin-off backed by $1.25 billion from Apollo-affiliated investors
FROM THE WIRE · FINANCE.YAHOO.COM
McKesson (NYSE:MCK) plans to spin off its Medical-Surgical Solutions segment into a separate company, according to a recent announcement. Apollo affiliated investors agreed to invest US$1.25b in the new Medical-Surgical Solutions entity as part of the separation plan. The…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA separation of a segment at a large healthcare distributor is relevant for the stock but is ordinary corporate flow.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01McKesson plans to spin off its Medical-Surgical Solutions segment into a separate company.
- 02Apollo-affiliated investors agreed to invest US$1.25 billion in the new entity.
- 03McKesson is a large US healthcare distributor with a company size of US$122.5 billion.
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