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

McKesson Medical-Surgical Overview

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

United StatesRichmond, VA

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

McKesson Medical-Surgical valuation by funding round
DateStageValuationRevenue Multiple
Apr 2026Undisclosed stage$13B1.1x

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

McKesson Medical-Surgical revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Apr 2026$11B$13B1.1xUndisclosed 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

McKesson Medical-Surgical funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2026Undisclosed stageApollo Global Management$1.3B$13BApollo 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

Investors in McKesson Medical-Surgical by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions 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

Laboratory Supply Company
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 CountryUnited States
HQ City
Louisville, KY
Deal Date1 May 2016
Valuationundisclosed
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to McKesson Medical-Surgical
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Jeronimo MartinsPortugalPortugalPublicly listed$41B$2.7B$13B0.4x
DiplomaUnited KingdomUnited KingdomPublicly listed$2B$408M$13B5.6x
WatscoUnited StatesUnited StatesPublicly listed$7.2B$764M$13B1.8x
RexelFranceFrancePublicly listed$22B$1.8B$12B0.8x
RamcharanIndiaChennaiPrivate--$9B-
Apollo HealthcoIndiaIndiaPrivate-$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Jeronimo Martins$41B$2.7B0.4x0.4x6.8x6.2x
Diploma$2B$408M6.6x5.6x33.1x19.8x
Watsco$7.2B$764M1.8x1.8x17.3x17.4x
Rexel$22B$1.8B0.8x0.8x10.1x9.4x
Fresenius Medical Care$23B$3.8B1.1x1.1x6.4x6.0x
QXO$6.8B$134M2.8x1.6x144.8x17.8x
Toromont Industries$3.7B$710M3.2x2.8x16.6x14.5x
Bollore$3.4B$396M1.7x1.7x14.4x28.7x

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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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