M&A Deal Summary

Cencora Acquires PharMEDium Healthcare

On October 6, 2015, Cencora acquired healthcare services company PharMEDium Healthcare from CD&R for 2.6B USD

Acquisition Highlights
  • This is Cencora’s 4th transaction in the Healthcare Services sector.
  • This is Cencora’s 3rd largest (disclosed) transaction.
  • This is Cencora’s 11th transaction in the United States.
  • This is Cencora’s 1st transaction in Illinois.

M&A Deal Summary

Date 2015-10-06
Target PharMEDium Healthcare
Sector Healthcare Services
Buyer(s) Cencora
Sellers(s) CD&R
Deal Type Add-on Acquisition
Deal Value 2.6B USD
Advisor(s) J.P. Morgan Securities
Credit Suisse Investment Banking (Financial)
Debevoise & Plimpton
K&L Gates (Legal)

Target

PharMEDium Healthcare

Lake Forest, Illinois, United States
PharMEDium Healthcare Holdings, Inc. is a provider of intravenous (IV) admixture services supplied to the hospital market. The Company’s IV admixture service involves the mixing of drug compounds into intravenous solutions for infusion into patients.

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Buyer(S) 1

Buyer

Cencora

Conshohocken, Pennsylvania, United States

Category Company
Founded 2001
Sector Distribution
Employees46,000
Revenue 262.2B USD (2023)
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 11 of 15
Sector (Healthcare Services) 4 of 6
Type (Add-on Acquisition) 9 of 12
State (Illinois) 1 of 2
Country (United States) 11 of 14
Year (2015) 2 of 2
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 Imedex

Alpharetta, Georgia, United States

Imedex LLC is a provider of accredited, independent Continuing Medical Education (CME) to industry professionals via in-person conferences and online education forums. Imedex LLC was established in 1985 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-13 World Courier Ground

Providence, Rhode Island, United States

World Courier Ground is a courier and logistics provider. Operating nationally across the U.S., the company offers same day courier, rush trucking and warehousing services primarily to the medical industry, as well as to the environmental, financial, chemical and industrial sectors.

Sell -

Seller(S) 1

SELLER

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 24 of 45
Sector (Healthcare Services) 2 of 4
Type (Add-on Acquisition) 7 of 15
State (Illinois) 4 of 6
Country (United States) 18 of 35
Year (2015) 5 of 6
Size (of disclosed) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Roofing Supply Group

Dallas, Texas, United States

Roofing Supply Group LLC is a wholesale distributor of roofing supplies and related materials.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Hussmann

Bridgeton, Montana, United States

Hussmann Corp. is a manufacturer of refrigerated display cases and systems.

Sell $1.5B