01:35 PM EDT, 08/26/2024 (MT Newswires) -- Health care stocks were edging higher Monday afternoon, with the NYSE Health Care Index marginally higher and the Health Care Select Sector SPDR Fund (XLV) adding 0.1%.

The iShares Biotechnology ETF (IBB) rose 0.3%.

In corporate news, McKesson (MCK) on Monday agreed to buy a controlling stake in the business and administrative services division of Florida Cancer Specialists & Research Institute, a privately held operator of cancer clinics, to boost its oncology portfolio. McKesson shares were shedding 0.7%.