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."
For further details see:
TPG, AmerisourceBergen acquiring OneOncology for $2.1B