ABC - TPG AmerisourceBergen acquiring OneOncology for $2.1B

2023-04-20 09:32:50 ET

• AmerisourceBergen ( NYSE: ABC ) and private equity firm TPG ( NASDAQ: TPG ) are teaming up to acquire oncology practice group OneOncology in a deal valued at $2.1B.
• TPG ( TPG ) will have a majority interest in OneOncology, while AmerisourceBergen ( ABC ) a minority one. Equity firm General Atlantic is the current majority owner.
• OneOncology's affiliated practices, physicians, and management team will keep a minority interest.
• AmerisourceBergen ( ABC ) will pay $685M in cash for its interest, a 35% share of the company.
• The transaction is expected to close by the end of September 2023.
• According to OneOncology's 2022 annual report, the company has 15 practices, 550 physicians, 940 providers, and 200 corporate employees.
• Read why Seeking Alpha contributor Ryan Licwinko says that AmerisourceBergen ( ABC ) is a "strong addition to any portfolio."

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