M&A Deal Summary

Cencora Acquires Retina Consultants of America

On November 6, 2024, Cencora acquired healthcare services company Retina Consultants of America from Webster Equity Partners for 5.1B USD

Acquisition Highlights
  • This is Cencora’s 6th transaction in the Healthcare Services sector.
  • This is Cencora’s largest (disclosed) transaction.
  • This is Cencora’s 14th transaction in the United States.
  • This is Cencora’s 3rd transaction in California.

M&A Deal Summary
Date 2024-11-06
Target Retina Consultants of America
Sector Healthcare Services
Buyer(s) Cencora
Sellers(s) Webster Equity Partners
Deal Type Add-on Acquisition
Deal Value 5.1B USD
Advisor(s) Goldman Sachs
Rothschild Global Advisory (Financial)
Goodwin Procter
Reed Smith (Legal)

Target

Retina Consultants of America

Southlake, California, United States
Retina Consultants of America is a provider of retina physician practices in the country with eleven board-certified, fellowship-trained retina specialists practicing at eleven clinic locations and one ambulatory surgery center. Retina Consultants of America is based in Southlake, Texas.

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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 15 of 15
Sector (Healthcare Services) 6 of 6
Type (Add-on Acquisition) 12 of 12
State (California) 3 of 3
Country (United States) 14 of 14
Year (2024) 1 of 1
Size (of disclosed) 1 of 14
PREVIOUS 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

Webster Equity Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 6.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Webster Capital is a private equity firm that targets growth capital and buyout investments in profitable, middle-market healthcare and consumer companies. Prospective business characteristics of interest include differentiated products or services, distinctive brands, and loyal/repeat customers. Webster looks for companies generating sales of $20 to $200 million, EBITDA of $5 to $20 million, and valued up to $200 million. Webster Capital was formed in 2003 and is based in Waltham, Massachusetts.

DEAL STATS #
Overall 20 of 20
Sector (Healthcare Services) 5 of 5
Type (Add-on Acquisition) 10 of 10
State (California) 4 of 4
Country (United States) 20 of 20
Year (2024) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 BTST Services

Baltimore, Maryland, United States

BTST Services is a mental health agency providing comprehensive and integrated care to children, adolescents, and adults to help them better manage their unique behavioral health needs. BTST Services was founded in 2008 and is based in Baltimore, Maryland.

Buy -
Mergr

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Company

Legal