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Comment on McKesson’s IPO-bound spin-off to keep local HQ, rebrand as Wellverse by Tom Gates
['Jack Jacobs', 'John Breeden', 'Tom Gates']
Comments for Richmond BizSense
The parent company McKesson Corp. reported $403.4 billion in consolidated revenue for the period.
McKesson Medical-Surgical anticipates it will begin to operate under the new Wellverse name starting in January.
McComb said the spin-off as an independent company was about halfway complete, but didn’t share a date when the process is expected to officially finish.
McKesson Medical-Surgical is known as a supplier of medical products, but also sells pharmaceuticals, lab equipment and medical tests.
As part of the spin-off, McKesson Medical-Surgical sold a 13% ownership stake to investment giant Apollo Global in a deal announced in June.