Cencora, Inc. — Form 8-K

Cencora signed a definitive agreement to acquire American Oncology Network (AON), a physician-led oncology network of 350+ providers across 21 states, for $2.4B enterprise value ($2.3B at closing plus up to $100M in CVRs). Cencora currently owns ~4% of AON; the deal values AON at $2.4B total, with Cencora expecting to pay ~$1.7B at closing to reach 75% ownership (assuming 25% equity rollover by certain AON stockholders). The acquisition is expected to be accretive to adjusted diluted EPS in year two post-closing.