McKesson Issues $2 Billion Notes for Acquisition
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McKesson Corporation has issued $2 billion in unsecured notes to fund the acquisition of a 70% stake in Community Oncology Revitalization Enterprise Ventures, LLC. The notes have varying interest rates and are due in 2030, 2032, and 2035. Analysts rate McKesson stock (MCK) as a Hold with a price target of $540. Despite strong revenue growth and profitability, concerns about high leverage and potential overvaluation exist. McKesson operates in the healthcare sector, focusing on pharmaceuticals and medical supplies.
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