April 13, 2024

Maryland Heights Residents

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McKesson Corporation Enters Agreement to Sell its Austrian Business to Quadrifolia Management GmbH

3 min read

IRVING, Texas–(Company WIRE)–McKesson Company (NYSE: MCK) nowadays introduced that it has entered into an settlement to market its Austrian company to Quadrifolia Administration GmbH (“Quadrifolia”). The transaction involves the sale of McKesson Austria’s Herba Chemosan Apotheker-AG, together with Sanova Pharma GesmbH. The transaction is anticipated to near in fiscal 2022, matter to customary closing disorders, together with receipt of required regulatory approvals.

Today’s transaction marks a further milestone in advancing McKesson’s intent to streamline the portfolio and prioritize investments in places the place we have deep expertise and are central to our very long-phrase development strategy. We are building great development in executing our tactic to exit Europe and continue to consider suited exit choices for our businesses in Norway and Denmark,” claimed Brian Tyler, chief govt officer, McKesson.

Quadrifolia will be conducting a administration buyout which will see the existing management of the Austrian company invest in all of the Herba Chemosan Apotheker-AG and Sanova Pharma GesmbH, backed by Make investments AG. Make investments AG has a good observe report of backing businesses in Austria over 25 a long time and will provide the new entrepreneurs with additional toughness to gasoline innovation and opposition.

Cautionary Statements

Besides for historic info, statements in this press release associated to McKesson’s proposed disposition of sure functions and assets in Europe represent “forward-looking statements” in just the indicating of Portion 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934, that involve threats and uncertainties that could cause genuine benefits to vary materially from individuals in all those statements. It is not attainable to establish all these types of challenges and uncertainties. The reader should really not position undue reliance on ahead-searching statements, which discuss only as of the day they are first created. Other than to the extent essential by law, the company undertakes no obligation to publicly update forward-seeking statements. We really encourage traders to study the significant chance factors described in the company’s most latest Type 10-K filed with the Securities and Trade Fee. These possibility factors incorporate but are not limited to: we might be adversely impacted by delays or other challenges with divestitures these types of as the transactions described in this press release we from time to time record important prices from impairment to goodwill, intangibles and other belongings or investments we may well be adversely impacted by events outside the house of our regulate, these as widespread community health and fitness troubles, all-natural disasters, political activities and other catastrophic gatherings.

About McKesson Corporation

McKesson Company is a international leader in health care offer chain administration answers, retail pharmacy, community oncology and specialty treatment, and healthcare facts alternatives. McKesson partners with pharmaceutical brands, providers, pharmacies, governments and other companies in healthcare to help offer the right medicines, professional medical items and healthcare services to the ideal sufferers at the proper time, safely and securely and price tag-successfully. United by our ICARE shared principles, our employees operate each individual day to innovate and produce alternatives that make our clients and associates much more productive – all for the better overall health of patients. McKesson has been named a “Most Admired Firm” in the healthcare wholesaler classification by FORTUNE, a “Greatest Place to Perform” by the Human Rights Marketing campaign Basis, and a best army-welcoming organization by Armed service Helpful. For a lot more facts, go to https://www.mckesson.com.

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