Birch Hill Equity Partners completed the acquisition of Rexall and Well.ca from McKesson.

Birch Hill Equity Partners, a Canadian private equity firm, completed the acquisition of Rexall, a distributor of pharmaceutical products, and Well.ca, an operator of an online health and beauty store, from McKesson, a diversified healthcare services company. Financial terms were not disclosed. “This transaction marks an important milestone aligned to our enterprise strategy, advancing our strategic priorities, further streamlining our business and prioritizing investment in our growth areas of oncology and biopharma services. We remain fully committed to and confident in the strength of our Canadian distribution and biopharma businesses. I am proud of the accomplishments that Rexall and Well.ca have achieved with McKesson and I have every confidence that both businesses will flourish under Birch Hill’s ownership,” Brian Tyler, McKesson CEO.