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On the Record · McKesson

McKesson acquisitions, on the record

The businesses McKesson bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Rx Savings Solutions, LLC
Word for word“On November 1, 2022, we completed the acquisition of 100% of the shares of Rx Savings Solutions, LLC (“RxSS”), a privately-owned company headquartered in Overland Park, Kansas, to further connect our biopharma and payer services to patients.” 10-K for 2023
acquisitionOn November 1, 2022—
E.U. disposal group (sold to the PHOENIX Group)
Word for word“On October 31, 2022, we completed the previously announced transaction to sell certain of our businesses in the E.U. located in France, Italy, Ireland, Portugal, Belgium, and Slovenia, along with our German headquarters and wound-care business, part of a shared services center in Lithuania, and our ownership stake in a joint venture in the Netherlands (“E.U. disposal group”) to the PHOENIX Group.” 10-K for 2023
divestitureOn October 31, 2022—
U.K. retail and distribution businesses (sold to Aurelius Elephant Limited)
Word for word“On April 6, 2022, we completed the previously announced sale of our retail and distribution businesses in the U.K. (“U.K. disposal group”) to Aurelius Elephant Limited for a purchase price of £110 million (or, approximately $144 million), including certain adjustments.” 10-K for 2023
divestitureOn April 6, 2022£110 million
Austrian business (sold to Quadrifolia Management GmbH)
Word for word“On January 31, 2022, we completed the sale of our Austrian business to Quadrifolia Management GmbH in a management-led buyout for a purchase price of €244 million (or, approximately $276 million), including certain adjustments.” 10-K for 2023
divestitureOn January 31, 2022€244 million
Change Healthcare JV (interest in Change Healthcare LLC)
Word for word“On March 10, 2020, the Company completed a separation of its interest in Change Healthcare LLC (“Change Healthcare JV”).” 10-K for 2024
divestitureMarch 10, 2020—
E.U. disposal group
Word for word“Subsequent to our divestiture of the E.U. disposal group in October 2022, we no longer have discontinued operations.” 10-K for 2024
divestitureOctober 2022—
E.U. and U.K. disposal groups and Austrian business
Word for word“In fiscal 2023, we completed the previously announced sale of our E.U. and U.K. disposal groups and in fiscal 2022 we completed the previously announced sale of our Austrian business.” 10-K for 2024
divestiturefiscal 2023—
RxSS
Word for word“(3) Includes estimated benefit payments for our unfunded benefit plans and minimum funding requirements for our pension plans as well as the contingent consideration liability related to our acquisition of RxSS in November 2022.” 10-K for 2024
acquisitionNovember 2022—
Community Oncology Revitalization Enterprise Ventures, LLC
Word for word“On August 26, 2024, we entered into a definitive agreement to acquire a 70% controlling interest in Community Oncology Revitalization Enterprise Ventures, LLC (“Core Ventures”), an internal business and administrative services organization established by Florida Cancer Specialists & Research Institute, LLC, for approximately $2.49 billion cash, subject to certain customary adjustments.” 10-K for 2025
agreed acquisitionOn August 26, 2024approximately $2.49 billion cash
PRISM Vision Holdings, LLC
Word for word“On April 2, 2025, we announced the completion of our previously announced acquisition of a controlling interest in PRISM Vision Holdings, LLC (“PRISM Vision”), a leading provider of general ophthalmology and retina management services.” 10-K for 2025
acquisitionOn April 2, 2025—
Canadian retail disposal group (Rexall and Well.ca)
Word for word“On December 30, 2024, we completed the sale of our Canadian retail disposal group for an adjusted purchase price consisting of a cash payment of $9 million, received upon closing, and a note of $120 million, measured at fair value and accruing interest upon satisfaction of certain conditions, and payable to the Company at the end of six years.” 10-K for 2025
divestitureOn December 30, 2024a cash payment of $9 million
Norway disposal group
Word for word“On January 30, 2026, we completed the sale of our Norway disposal group for an adjusted purchase price of $821 million.” 10-K for 2026
divestitureJanuary 30, 2026$821 million
approximately 13% minority ownership interest in Medical-Surgical Solutions segment
Word for word“As a part of the separation strategy, on April 20, 2026, we announced a definitive agreement under which funds managed by affiliates of Apollo Global Management, Inc. (“Apollo Funds”) will acquire approximately 13% minority ownership interest in our Medical‑Surgical Solutions segment through an investment of approximately $1.25 billion in the segment’s convertible preferred equity.” 10-K for 2026
agreed divestitureApril 20, 2026approximately $1.25 billion
Rexall and Well.ca businesses in Canada (Canadian retail disposal group)
Word for word“In September 2024, we announced an agreement to sell our Canadian retail disposal group and we completed the sale on December 30, 2024.” 10-K for 2026
divestitureDecember 30, 2024—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2017-03-31$4.21 billion$2.86 billion
2018-03-31$2.89 billion$1.71 billion
2019-03-31$905 million$442 million
2020-03-31$133 million$76 million
2021-03-31$35 million$5 million
2022-03-31$6 million$5 million
2023-03-31$867 million$628 million
2024-03-31$272 million$195 million
2025-03-31$24 million$16 million
2026-03-31$3.42 billion$1.3 billion

Deal filings since 2016

Read from McKesson’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-05-08. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.