McKesson Corporation announced the commencement of an exchange offer for the split-off of its wholly-owned subsidiary, PF2 SpinCo, Inc., which will hold all of McKesson’s interest in Change Healthcare LLC, as part of McKesson’s previously announced agreement with Change Healthcare Inc. to merge SpinCo with and into Change.
“This transaction better positions McKesson to focus on our core business and signifies another important step in McKesson’s transformation to become a simpler, more focused organization,” said Brian Tyler, CEO, McKesson.