McKesson to Raise $1.25 Billion Ahead of Medical-Surgical IPO
The sale of a minority stake increases liquidity and provides funds for future growth, historically leading to positive stock reactions to similar strategic moves.
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The sale of a minority stake increases liquidity and provides funds for future growth, historically leading to positive stock reactions to similar strategic moves.
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McKesson announced the sale of a minority stake in its medical-surgical solutions business to Apollo Funds for $1.25 billion, preparing for a future IPO. This transaction will bolster McKesson’s balance sheet and are likely to generate renewed investor interest as the spin-off progresses.
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