Sept 18 (Reuters) - McKesson said on Thursday it
will restructure its operations into four main segments from the
current quarter as the U.S. drug distributor aims to focus on
high-margin businesses such as cancer medicines to boost growth.
The restructuring will reflect how CEO Brian Tyler will
allocate resources and assess performance going forward, but
does not affect previously issued financial statements or
historical earnings per share, the company said.
"This updated reporting structure reflects a strategic
evolution of our business - accelerating growth in the
high-margin areas of oncology, multispecialty, and biopharma
services," Chief Financial Officer Britt Vitalone said in a
statement.
Starting this quarter, its second in fiscal 2026, the
Texas-based firm will reorganize into North American
pharmaceutical, oncology and multispecialty, prescription
technology solutions, and medical-surgical solutions segments,
the company said.
The pharmaceutical segment will combine McKesson's wholesale
drug distribution businesses in the U.S. and Canada, while the
oncology and multispecialty segment will cater to cancer care
networks and other specialty providers such as in ophthalmology.
The restructuring is a "prudent move" as it helps
investors understand the company's growth drivers, with the
oncology segment being the most significant disclosure, Leerink
Partners analyst Michael Cherny said.
Prescription technology solutions will connect patients,
pharmacies, and healthcare providers through its networks.
The medical-surgical solutions segment will provide medical
supply distribution and logistics services to healthcare
providers. McKesson had announced plans to spin off this segment
into an independent company in May.