Cencora - M&A Summary and Business Overview

DistributionCompany

Cencora M&A Summary

Cencora has acquired 15 companies, including 2 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 3 assets.

Cencora’s largest acquisition to date was in 2001, when it acquired Bergen Brunswig for $4.1B. Cencora has acquired in 10 different US states, and 2 countries. The Company’s most targeted sectors include healthcare services (36%) and distribution (22%).

Cencora Business Overview

Where is Cencora headquartered?

Cencora is headquartered in Conshohocken, Pennsylvania.

What is Cencora’s revenue?

Cencora disclosed revenue of 238,587M USD for 2022 and 213,989M USD for 2021.

How many employees does Cencora have?

Cencora has 39,000 employees.

What sector is Cencora in?

Cencora is a distribution company.

When was Cencora founded?

Cencora was founded in 2001.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity14
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 12
  • M&A Advisors 10

Cencora

Cencora, Inc.

1 West First Avenue,
Conshohocken, Pennsylvania 19428
United States,
(610) 727-7000
www.cencora.com

Cencora is a pharmaceutical sourcing and distribution services company, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and care. Cencora was founded in 2001 and is based in Conshohocken, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 12 - - 1 1 - 14
vol $11.3B $1.3B $2.1B $14.6B
Sell (0.0/yr) # 3 - - - - - 3
  17

Most Recent M&A

Company Date Value Type
OneOncology 2023-04-20 2.1B USD Secondary Buyout
Nashville, Tennessee · www.oneoncology.com
PharmaLex GmbH 2022-09-12 1.3B USD Add-on Acquisition
Frankfurt, Germany · www.pharmalex.com
H. D. Smith LLC 2017-11-20 815M USD Add-on Acquisition
Springfield, Illinois · www.hdsmith.com
World Courier Ground 2017-01-13 - Divestiture
Providence, Rhode Island · www.wcground.com
PharMEDium Healthcare Holdings Inc. 2015-10-06 2.6B USD Add-on Acquisition
Lake Forest, Illinois · www.pharmedium.com
Imedex LLC 2015-07-13 - Divestiture
Alpharetta, Georgia · www.imedex.com
MWI Veterinary Supply, Inc. 2015-02-24 2.5B USD Add-on Acquisition
Meridian, Idaho · www.mwivet.com
World Courier Management, Inc. 2012-03-06 520M USD Add-on Acquisition
New York, New York · www.worldcourier.com
TheraCom LLC 2011-09-27 250M USD Divestiture
Rockville, Maryland · www.thera.com
IntrinsiQ LLC 2011-09-06 35M USD Add-on Acquisition
Burlington, Massachusetts · www.intrinsiq.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
MWI Veterinary Supply, Inc. 2015-02-24 St Francis Group Ltd. 2017-04-03 1
Meridian, Idaho · www.mwivet.com Henley in Arden, United Kingdom · www.stfrancisgroup.com

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 5 (36%) 5.1B (35%) 1 (33%) -
Distribution 3 (21%) 7.4B (51%) - -
Life Science 2 (14%) 1.4B (9%) - -
Transportation 1 (7%) 520M (4%) 1 (33%) -
Business Services 1 (7%) - - -
Retail 1 (7%) 190M (1%) - -
Software 1 (7%) 35M (< 1%) - -
Education - - 1 (33%) -
Total 14 $14.6B 3 -

By Geo

State/Country Buy Value Sell Value
United States 13 13.4B 3 -
  New York 2 710M - -
  Illinois 2 3.4B - -
  California 2 4.1B - -
  Georgia 1 90M 1 -
  Florida 1 25M 1 -
  Texas 1 160M - -
  Tennessee 1 2.1B - -
  Massachusetts 1 35M - -
  Maryland 1 250M - -
  Idaho 1 2.5B - -
  Rhode Island - - 1 -
Germany 1 1.3B - -
Domestic 13 (93%) 13.4B (91%) 3 (100%) -
Cross-border 1 (7%) 1.3B (9%) - -
Total 14 $14.6B 3 -

Top M&A Advisors

Financial Deals
Evercore Group
1
J.P. Morgan Securities
1
Morgan Stanley
1
Legal Deals
Cravath, Swaine & Moore LLP
3
Sidley
2
Noerr
1

Deal Values

buy # Total
> $1B 5 $12.6B
$100M to $1B 5 $1.9B
< $100M 3 $150M
TOTAL $14.6B
Largest Bergen Brunswig Corp.
$4.1B (2001-08-25)

M&A Connections

Deals
Acquired from
Investor(s)
43%
6 (43%)
Strategic(s)
7%
1 (7%)
Divested to
Investor(s)
67%
2 (67%)
Strategic(s)
33%
1 (33%)

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