Cencora and Covetrus to Merge with MWI Animal Health
February 18, 2026
Cencora and Covetrus have entered into a definitive agreement to merge Covetrus with MWI Animal Health (MWI), creating a comprehensive animal health platform. The transaction values MWI at an enterprise value of $3.5 billion, with Cencora receiving cash and preferred equity proceeds while retaining a non-controlling 34.3% common equity stake in the combined company.
- Buyers
- Cencora, Covetrus
- Targets
- MWI Animal Health
- Industry
- Healthcare Services
- Location
- United States
- Transaction Type
- Buyout
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