McKesson Shares Fall Following Sale of Rexall, Well.ca to Birch Hill [Yahoo! Finance]
McKesson Corporation (MCK)
Last mckesson corporation earnings: 2/4 07:00 am
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Source: Yahoo! Finance
The deal supports McKesson's strategic decision to concentrate on expanding its oncology and biopharma services while maintaining its focus on the Canadian healthcare market through distribution and biopharma. Through this transaction, Rexall and Well.ca will benefit from Birch Hill's commitment to investing in growth and expanding services across more locations in Canada. McKesson Canada will continue to provide wholesale distribution support to both businesses. Shares of MCK closed 9.9% lower on Sept. 5 following the news. Significance of Rexall and Well.ca Sale for MCK The sale is in line with McKesson's broader strategy to streamline operations and prioritize investments in high-growth areas such as oncology and biopharma services. By divesting Rexall and Well.ca, McKesson will free up resources to bolster these core sectors while continuing to support Canadian healthcare needs through its distribution channels. More on the Sale Birch Hill Equity Partners, a Canadian p
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MCK
News
- McKesson - Meet The New Dividend Stock On My Watchlist [Seeking Alpha]Seeking Alpha
- McKesson Co. (NYSE: MCK) had its price target lowered by analysts at Wells Fargo & Company from $576.00 to $535.00. They now have an "equal weight" rating on the stock.MarketBeat
- McKesson Co. (NYSE: MCK) had its price target lowered by analysts at Citigroup Inc. from $670.00 to $630.00. They now have a "buy" rating on the stock.MarketBeat
- McKesson: The Correction Is Not Over [Seeking Alpha]Seeking Alpha
- Patient Portal Market to Surpass USD 16.71 Billion by 2032, Driven by Digital Health Integration & Patient-Centric Solutions | SNS Insider [Yahoo! Finance]Yahoo! Finance
MCK
Earnings
- 8/7/24 - Beat
MCK
Sec Filings
- 9/10/24 - Form 8-K
- 9/6/24 - Form 4
- 9/6/24 - Form 424B5
- MCK's page on the SEC website