The Medical-Surgical Spinoff and the Specialty-First Strategy

In September 2025, McKesson announced it would spin off its $11.4B Medical-Surgical Solutions business by 2027. In April 2026, Apollo Funds bought a 13% minority stake for $1.25B. These aren't routine corporate moves — they're the clearest possible signal of what kind of company McKesson is becoming. Understanding this story lets you answer "Where is the company going?" with conviction.