Table of Contents
IRVING, Texas – McKesson Corp. reported this week that it has closed the transaction announced in September 2024 to sell its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners, a Canadian private equity firm.
Financial terms of the deal have not been disclosed.
Rexall operates 385 pharmacies across Canada and employs about 8,000 people.
Birch Hill also acquires Texas-based McKesson's Well.ca business, which offers more than 40,000 health and wellness products online.
McKesson says divesting Rexall and Well.ca will allow it to focus on expanding its oncology and biopharma growth platforms.
