Tag: McKesson
McKesson moves MMS closer to IPO
May 15, 2026Liz Beaulieu, Editor
IRVING, Texas – McKesson’s Medical-Surgical Solutions (MMS) segment is now operationally and legally separate, and with new financing and a new minority ownership, it is closer to becoming financially independent, says CFO Britt Vitalone.
In early April, the company announced:
A $1 billion revolving credit facility and the issuance of $1 billion in Term Loan A facilities.
The sale of a 13% minority interest to funds managed by Apollo in a deal that values the segment at $13...
McKesson says it is well-positioned going into 2027
May 11, 2026HME News Staff
IRVING, Texas – McKesson Corp. has reported consolidated revenues of $96.3 billion for the fourth quarter of fiscal year 2026, a 6% increase. It reported revenues of $403.4 billion for the full year, a 12% increase.
Fourth quarter highlights:
Earnings per diluted share of $13.71 increased $3.70.
Adjusted Earnings per diluted share of $11.69 increased 16%.
McKesson entered into a $2.25 billion accelerated share repurchase program.
McKesson’s board of directors approved a...
In brief: ACU-Serve’s executive boost, CMS’s next prior auth move, McKesson’s & Medline’s results
May 11, 2026HME News Staff
AKRON, Ohio – ACU-Serve has appointed Natasha Baria Mehta as president, a strategic leadership addition that the company says reflects its continued investment in growth, operational excellence and innovation across the health care revenue cycle management (RCM) industry.
In this role, Mehta will oversee operational strategy, organizational performance and long-term growth initiatives across ACU-Serve’s HME, infusion and home health divisions. She will focus on strengthening operational...
In brief: Feenstra backs HME, McKesson sells stake, AAH honors Bill Fredericks
May 1, 2026HME News Staff
WATERLOO, Iowa – VGM Group applauds Rep. Randy Feenstra, R-Iowa, for recognizing the dedication and integrity of quality home medical equipment (HME) providers during a recent congressional hearing.
During the hearing on fraud, waste and abuse held by the Ways & Means Committee in the House of Representatives, Feenstra stated:
“I worry about how we can protect the providers who have long operated in good faith, upholding the highest levels of integrity, from losing their local footprints...
McKesson sells stake in Medical-Surgical Solutions
April 29, 2026HME News Staff
IRVING, Texas – McKesson has taken another step toward separating its Medical-Surgical Solutions (MMS) business by selling a minority interest to funds managed by Apollo.
Apollo Funds will invest $1.25 billion in convertible preferred equity of MMS to acquire an approximately 13% minority interest, valuing the business at approximately $13 billion.
“This transaction marks a key milestone in McKesson’s planned separation of MMS,” said Brian Tyler, CEO of McKesson. “We...
In brief: Resmed’s sleep survey, AOM Infusion’s distinction, McKesson’s new CFO
March 11, 2026HME News Staff
SAN DIEGO – While 53% of respondents rank sleep as the most important contributor to long-term health compared to diet and exercise, many are not taking meaningful steps to improve their sleep quality, according to Resmed’s sixth annual Global Sleep Survey.
Sleep is increasingly recognized as a key pillar of long-term health, with 84% of respondents worldwide understanding that consistent, quality sleep can help extend a healthy lifespan. However, awareness has not translated into...
McKesson on track for IPO of Medical-Surgical business
February 13, 2026Liz Beaulieu, Editor
IRVING, Texas – McKesson is moving steadily toward taking its Medical-Surgical business public in the second half of calendar year 2027, CEO and Director Brian Tyler said on a recent earnings call.
The company marked a major milestone on Jan. 1 by completing key transition service agreements that support the separation of the Medical-Surgical division. The business – which provides supply distribution, logistics and...
McKesson reports flat revenues for Medical-Surgical segment
February 9, 2026HME News Staff
IRVING, Texas – McKesson has reported $3 billion in revenues for the third quarter of fiscal year 2026 for its Medical-Surgical Solutions segment, a 1% increase, driven by higher volumes of specialty pharmaceuticals.
For the segment, operating profit was $265 million, and adjusted segment operating profit was $265 million, a 10% decrease, driven by lower volumes across physician office settings and lower incidence of illness for the season.
McKesson reported $106.2...
McKesson fully exits European market
February 3, 2026HME News Staff
IRVING, Texas – McKesson has announced that it has sold its retail and distribution businesses in Norway to NorgesGruppen, a privately-owned retail group. McKesson previously announced that it planned to divest Norway, which is included in its Other segment. The transaction represents the final step in the company’s commitment to fully exit its European operations. The move allows the company to focus strategy and capital allocation on expanding...
McKesson sees flat growth in Medical-Surgical segment
November 10, 2025HME News Staff
IRVING, Texas – McKesson reported revenues of $2.9 billion for its Medical-Surgical Segment for the second quarter of fiscal year 2026, flat to the same period the prior year. Revenues were driven by higher volumes of specialty pharmaceuticals, offset by lower contributions from illness season products and testing. Operating profit for the segment was $220 million and adjusted operating profit was $249 million, a 2% increase, driven by operational efficiencies...