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M&A Deal Summary

Cencora Acquires HealthTronics

On February 17, 2023, Cencora acquired medical products company HealthTronics from Altaris

Acquisition Highlights
  • This is Cencora’s 1st transaction in the Medical Products sector.
  • This is Cencora’s 13th transaction in the United States.
  • This is Cencora’s 2nd transaction in Texas.

M&A Deal Summary
Date 2023-02-17
Target HealthTronics
Sector Medical Products
Buyer(s) Cencora
Sellers(s) Altaris
Deal Type Add-on Acquisition

Target

HealthTronics

Austin, Texas, United States
HealthTronics provides mobile equipment services, medical devices and information technology solutions to the urology industry. The company partners with physician groups to facilitate equipment ownership and to provide logistical support for mobile lithotripsy, laser and cryoablation units. In addition, HealthTronics offers a line of cryoablation devices as well as a urology-specific IT platform. HealthTronics was founded in 1972 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Cencora

Conshohocken, Pennsylvania, United States
Category Company
Founded 2001
Sector Distribution
Employees46,000
Revenue 294.0B USD (2024)
DESCRIPTION

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.

DEAL STATS #
Overall 14 of 16
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 12 of 13
State (Texas) 2 of 2
Country (United States) 13 of 15
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 PharmaLex

Frankfurt, Germany

PharmaLex is a provider of solutions for drug development, regulatory affairs, and pharmacovigilance. The company features a multidisciplinary team from more than 40 nationalities with knowledge that spans the whole spectrum of life sciences, including biology, biochemistry, pharmacology, engineering, food chemistry, medicine, nutritional science, pharmacy science, toxicology, and veterinary medicine. PharmaLex is based in Frankfurt, Germany.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 OneOncology

Nashville, Tennessee, United States

OneOncology empowers community oncology practices with advanced tools and capabilities to help physicians deliver higher-quality cancer care to their patients, close to home, amidst a rapidly evolving cancer care ecosystem. OneOncology was founded in 2018 and is based in Nashville, Tennessee.

Buy $2.1B

Seller(S) 1

SELLER

Altaris

New York City, New York, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 26 of 26
Sector (Medical Products) 9 of 9
Type (Add-on Acquisition) 11 of 11
State (Texas) 2 of 2
Country (United States) 24 of 24
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-14 Meridian Medical Technologies

St. Louis, Missouri, United States

Meridian Medical Technologies designs, develops, manufactures and supplies on-the-scene emergency response treatments and health security solutions with a focus on complex drug-device combination products. Meridian Medical Technologies is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-21 Sharecare

Atlanta, Georgia, United States

Sharecare is a digital health company that helps people consolidate and manage various components of their health in one place, regardless of where they are on their health journey. Sharecare provides the messaging, motivation, management, and measurement tools to help individuals, workforces, and communities optimize their comprehensive well-being. Sharecare was founded in 2010 and is based in Atlanta, Georgia.

Buy -
Mergr

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