- AmerisourceBergen Corporation (NYSE:ABC) and TPG Inc. (NASDAQ:TPG) will acquire cancer services firm OneOncology from global growth equity company General Atlantic for $2.1 billion.
- AmerisourceBergen will purchase a minority interest of 35% in OneOncology for approximately $685 million in cash. TPG will hold the remaining portion of the company.
- The investment will strengthen AmerisourceBergen’s solutions in the Specialty segment.
- In addition, OneOncology’s practice management services complement AmerisourceBergen’s existing capabilities in inventory management, practice analytics, and clinical trial support.
- Overall, the deal is expected to contribute “a few cents” to AmerisourceBergen’s adjusted diluted EPS in the first 12 months following the closing.
- The transaction is expected to close by the end of September 2023.
- Price Action: ABC shares are down 0.18% at $164.18 on the last check Thursday, while TPG shares are trading 4.57% lower to $29.63.
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