Apollo Global Management Acquires Minority Stake in McKesson Medical-Surgical Business

McKesson Corporation finalized a strategic agreement on Tuesday, June 2, 2026, to sell a minority interest in its Medical-Surgical business to funds managed by affiliates of Apollo Global Management. This transaction establishes a partnership between the two entities, with McKesson retaining majority ownership and operational control of the Medical-Surgical unit.

Under the terms of the agreement, Apollo funds acquired a minority stake in the business, which provides medical supplies and distribution services to healthcare providers. McKesson continues to manage the day-to-day operations and strategic direction of the division as part of its broader healthcare supply chain portfolio. The company intends to utilize the proceeds from this investment to support its ongoing capital allocation priorities, including potential share repurchases and continued investment in its core business segments.

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Date: June 2, 2026

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GOAI