8-KRegulation FDExhibits & Filings

MCKESSON CORP 8-K Report, Regulation FD Disclosure (Mar 2, 2017)

Filed March 2, 2017For Securities:MCK

Summary

McKesson Corporation (MCK) announced a significant strategic move on March 2, 2017, via an 8-K filing, detailing the creation of a new, independent healthcare information technology company called Change Healthcare. This new entity will be formed by combining McKesson's own IT business with Change Healthcare Holdings, Inc. This transaction is designed to create a more focused and agile player in the rapidly evolving healthcare IT landscape. While the 8-K itself does not provide deep financial figures, it references accompanying press releases (Exhibits 99.1 and 99.2) that would contain more detailed information regarding the transaction's financial implications. Investors should pay close attention to these attached documents for insights into the structure of the deal, McKesson's retained stake, and the expected impact on future earnings and strategic direction. The filing signifies a major operational and strategic shift for McKesson, aiming to streamline its business and unlock value within its IT segment.

Key Highlights

  • 1McKesson Corporation announced the formation of a new, independent healthcare IT company named Change Healthcare.
  • 2The new entity is a combination of McKesson's IT business and Change Healthcare Holdings, Inc.
  • 3This transaction aims to create a more focused and strategically positioned healthcare IT player.
  • 4The 8-K filing references two press releases (Exhibits 99.1 and 99.2) for further details on the transaction.
  • 5The financial impact and specific deal structure are expected to be elaborated in the referenced press releases.
  • 6This move represents a significant strategic initiative for McKesson.
  • 7The filing date is March 2, 2017, with the event date being March 1, 2017.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce the creation of a new, independent healthcare information technology company, Change Healthcare, formed by combining McKesson's IT business with Change Healthcare Holdings, Inc.

More detailed financial information and specifics regarding the transaction's impact are expected to be found in the press releases attached as Exhibits 99.1 and 99.2 to this 8-K filing.

The 8-K filing indicates the creation of an independent company. Further details on McKesson's ownership stake or ongoing involvement would likely be detailed in the accompanying press releases.

While not explicitly stated in the 8-K, the creation of a separate entity suggests a strategic decision to focus on core competencies, potentially unlock value in the IT segment, and allow both McKesson and the new Change Healthcare to operate with greater agility and specialized focus in their respective markets.