- Companies
- McKesson Medical-Surgical
McKesson Medical-Surgical Revenue, Valuation, Funding & Investors
McKesson Medical-Surgical is valued at $13B as of April 2026, a 1.1x multiple on its last reported $11B revenue.
Last McKesson Medical-Surgical valuation
$13B
Undisclosed stage · Apr 2026
Last McKesson Medical-Surgical funding round
$1.3B
Undisclosed stage · Apr 2026
McKesson Medical-Surgical revenue
$11B
Undisclosed stage · Apr 2026
Key investors in McKesson Medical-Surgical
About McKesson Medical-Surgical
McKesson Medical-Surgical is a national distributor of medical supplies and equipment headquartered in Richmond, Virginia. It supplies physician offices, surgery centers, nursing homes, homecare providers, and hospitals with products ranging from infection prevention items to furniture and diagnostics. The business operates 11 distribution centers across the United States and offers online ordering through McKessonSupply.com, along with clinical consulting and vendor-managed inventory programs. Acquired by McKesson Corporation in 2018 from Becton Dickinson, it supports over 100,000 alternate site healthcare facilities.
Founded
1994
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$11B (Apr 2026)
Valuation
$13B (Apr 2026)
McKesson Medical-Surgical Valuation
McKesson Medical-Surgical is currently valued at $13B, based on its undisclosed-stage round in April 2026.
The $1.3B round included Apollo Global Management.
McKesson Medical-Surgical valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2026 | Undisclosed stage | $13B | 1.1x |
McKesson Medical-Surgical Revenue
McKesson Medical-Surgical's latest recorded revenue is $11B, as of its undisclosed-stage round in April 2026. At a $13B valuation, that implies a 1.1x revenue multiple.
McKesson Medical-Surgical revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Apr 2026 | $11B | $13B | 1.1x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
McKesson Medical-Surgical Funding History
McKesson Medical-Surgical has raised a total of $1.3B across 1 funding round.
McKesson Medical-Surgical funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2026 | Undisclosed stage | Apollo Global Management | $1.3B | $13B | Apollo Funds, managed by Apollo Global Management, agreed on April 20, 2026, to invest $1.25 billion in convertible preferred equity in McKesson’s Medical-Surgical Solutions (MMS) business, acquiring approximately 13% minority ownership at a $13 billion enterprise valuation. McKesson retains operating control and majority ownership, continuing to consolidate MMS results for financial reporting. The transaction awaits regulatory approvals and customary closing conditions. The investment supports McKesson’s strategy to separate MMS ahead of a planned initial public offering, providing flexible capital via Apollo’s Hybrid platform for MMS’s next development phase as a standalone entity. Apollo views MMS as strongly positioned for growth in the medical supply chain serving non-acute care settings. MMS operates as a healthcare platform within McKesson Corporation, a major healthcare services company. McKesson, with trailing twelve-month revenue of $398 billion, did not disclose specific MMS financial metrics, employee count, or operational scale details. |
Who has invested in McKesson Medical-Surgical?
1 investor has backed McKesson Medical-Surgical across its funding rounds, including Apollo Global Management.
McKesson Medical-Surgical Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by McKesson Medical-Surgical
McKesson Medical-Surgical has acquired 1 company to date.
Last acquisition by McKesson Medical-Surgical was on May 1st 2016. McKesson Medical-Surgical acquired Laboratory Supply Company for undisclosed valuation.
Latest Acquisitions by McKesson Medical-Surgical
| Description | Laboratory Supply Company is a Louisville, Kentucky-headquartered distributor of clinical laboratory products and medical-surgical supplies. Established in 1972, it operates nine distribution centers across the United States, serving hospitals, labs, and alternate care facilities. LABSCO holds a leading position as the largest privately held wholesaler in its sector. |
| HQ Country | |
| HQ City | Louisville, KY |
| Deal Date | 1 May 2016 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all McKesson Medical-Surgical acquisitions and their M&A valuation multiples. Start Free Trial | |
McKesson Medical-Surgical Competitors
McKesson Medical-Surgical competitors include listed companies like Jeronimo Martins, Diploma, Watsco and Rexel, and private ones like Ramcharan and Apollo Healthco.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $41B | $2.7B | $13B | 0.4x | ||
| Publicly listed | $2B | $408M | $13B | 5.6x | ||
| Publicly listed | $7.2B | $764M | $13B | 1.8x | ||
| Publicly listed | $22B | $1.8B | $12B | 0.8x | ||
| Private | - | - | $9B | - | ||
| Private | - | $18M | $2.7B | - |
McKesson Medical-Surgical Public Comps
McKesson Medical-Surgical is still privately-owned, but its public comps include Jeronimo Martins, Diploma, Watsco, Rexel, Fresenius Medical Care, QXO, Toromont Industries, Bollore, Performance Food Group and Wesco.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $41B | $2.7B | 0.4x | 0.4x | 6.8x | 6.2x | |||
| $2B | $408M | 6.6x | 5.6x | 33.1x | 19.8x | |||
| $7.2B | $764M | 1.8x | 1.8x | 17.3x | 17.4x | |||
| $22B | $1.8B | 0.8x | 0.8x | 10.1x | 9.4x | |||
| $23B | $3.8B | 1.1x | 1.1x | 6.4x | 6.0x | |||
| $6.8B | $134M | 2.8x | 1.6x | 144.8x | 17.8x | |||
| $3.7B | $710M | 3.2x | 2.8x | 16.6x | 14.5x | |||
| $3.4B | $396M | 1.7x | 1.7x | 14.4x | 28.7x | |||
This data is available for Pro users. Sign up to see all McKesson Medical-Surgical competitors and their valuation data. Start Free Trial | ||||||||
Common questions about McKesson Medical-Surgical
| When was McKesson Medical-Surgical founded? | McKesson Medical-Surgical was founded in 1994. |
| Where is McKesson Medical-Surgical headquartered? | McKesson Medical-Surgical is headquartered in Richmond, VA, United States. |
| Is McKesson Medical-Surgical publicly listed? | No, McKesson Medical-Surgical is a private, VC-backed company. |
| What is McKesson Medical-Surgical's valuation? | McKesson Medical-Surgical was last valued at $13B in its undisclosed-stage round in April 2026. |
| How much funding has McKesson Medical-Surgical raised? | McKesson Medical-Surgical has raised $1.3B across 1 funding round. |
| What was McKesson Medical-Surgical's last funding round? | McKesson Medical-Surgical's last funding round was a $1.3B undisclosed-stage round in April 2026. |
| Who are McKesson Medical-Surgical's investors? | McKesson Medical-Surgical's investors include Apollo Global Management. |
| What is McKesson Medical-Surgical's revenue? | McKesson Medical-Surgical's latest recorded revenue is $11B (April 2026). |
| What is McKesson Medical-Surgical's revenue multiple? | McKesson Medical-Surgical's latest valuation implies a 1.1x revenue multiple ($13B valuation on $11B of revenue). |
| Which companies are comparable to McKesson Medical-Surgical? | Companies comparable to McKesson Medical-Surgical include Jeronimo Martins, Diploma, Watsco, Rexel, Ramcharan and Apollo Healthco. |
| How many companies has McKesson Medical-Surgical acquired? | McKesson Medical-Surgical has acquired 1 company, including Laboratory Supply Company. |
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