Cencora signs agreement to acquire American Oncology Network
1 report, 1 independent
Updated Sat 00:00
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What happened
Cencora signed a definitive agreement to acquire American Oncology Network, a physician-led network of over 350 cancer care providers across 21 states. The deal values the network at $2.4 billion, which includes $2.3 billion at closing plus contingent value rights up to $100 million. The acquisition is subject to stockholder approval and regulatory clearance.
From medicaldaily.com
Why it matters
The acquisition reflects a broader trend where drug wholesalers are purchasing management companies behind independent cancer practices. This shift could eventually influence how community clinics purchase drugs, utilize data, and collaborate with insurers.
From medicaldaily.com
Who's involved
- CencoraDrug distributor signing the agreement to acquire the cancer care network