Cencora and Covetrus to Merge with MWI Animal Health

Covetrus to Acquire VCP, Veterinary Wellness Plan Platform

June 30, 2021

Healthcare Services

Covetrus (NASDAQ: CVET) entered into a definitive agreement to acquire VCP, a veterinary wellness plan administration platform serving around 1,000 veterinary practices. The deal is expected to close in the third quarter, subject to customary closing conditions, and will be integrated with Covetrus’ practice management and prescription management software.

Cencora To Acquire Retina Consultants of America in $4.6 Billion Deal

November 10, 2024

Healthcare Services

Cencora entered into a definitive agreement to acquire Retina Consultants of America (RCA), a leading retina specialist management services organization (MSO), from Webster Equity Partners. The deal values RCA at approximately $4.6 billion in cash, with additional potential contingent consideration of up to $500 million, and is expected to close subject to customary regulatory approvals.

Cencora to Acquire Majority Stake in OneOncology from TPG

December 15, 2025

Healthcare Services

Cencora, Inc. entered into a definitive agreement to acquire the majority of the outstanding equity interests it does not already own in OneOncology from TPG and other shareholders. The transaction is valued at an enterprise value of $7.4 billion, with expected close by the end of Cencora’s fiscal 2026 second quarter subject to customary regulatory approvals.

CD&R and TPG Capital to Acquire Covetrus in ~$4B Deal

May 25, 2022

Healthcare Services

Covetrus entered into a definitive agreement to be acquired by funds affiliated with Clayton, Dubilier & Rice (CD&R) and TPG Capital for $21.00 per share in cash, implying an enterprise value of approximately $4 billion. The transaction is expected to close in the second half of 2022, subject to regulatory approvals and Covetrus shareholder approval, after which Covetrus will become a private company.

Merck Animal Health Acquires Vence

September 22, 2022

AI & Machine Learning

Merck Animal Health (a division of Merck & Co., Inc.) signed a definitive agreement to acquire Vence from its founders and shareholders. The acquisition will expand Merck Animal Health’s animal intelligence and virtual fencing technology portfolio for cattle producers and ranchers, and is expected to close in Q3 2022 subject to customary conditions.

Advent International Acquires Majority Stake in Encora

December 21, 2021

IT Services

Advent International has acquired a majority stake in Encora, a global digital engineering and software product development services provider. Warburg Pincus, the prior majority shareholder, retains a minority stake; Advent will partner with Encora's management to accelerate global growth, expand capabilities, and pursue targeted M&A.