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Cencora Accelerates OneOncology Acquisition, Extending Solutions Offering for Community Oncology

Cencora, Inc. (COR) | December 15, 2025

By Uma Mitchell

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Cencora, Inc. announces the acceleration of acquiring OneOncology to enhance their management services organization and align with growth-oriented investments.

OneOncology, a physician-led national platform focused on oncology, will contribute to Cencora's enterprise growth according to the announcement.

The transaction values OneOncology at $7.4 billion, with Cencora acquiring the majority of outstanding equity interests for approximately $5.0 billion.

Strategic Acquisition

Cencora's acquisition of OneOncology strengthens its solutions in specialty, leading with market leaders and enhancing patient access to pharmaceuticals.

Financial Details

The transaction values OneOncology at $7.4 billion, with Cencora acquiring the majority of equity interests for approximately $5.0 billion.

Expected Impact

The acquisition is expected to be neutral to Cencora's adjusted diluted EPS in the first twelve months post-close, showcasing a positive outlook on growth.

  • The acquisition of OneOncology is aligned with Cencora's pharmaceutical-centric strategy to support specialty physicians, market leaders, and patient access to innovative treatments.
  • Cencora's expected long-term guidance reflects the strategic importance of OneOncology in driving value for stakeholders and enhancing patient outcomes.

Cencora's acquisition of OneOncology marks a significant step towards strengthening its position in the healthcare landscape, with a focus on specialty solutions and patient-centric care. The strategic move reflects Cencora's commitment to driving growth and innovation in community oncology.