Cencora to acquire American Oncology Network for $2.4 billion enterprise value

Cencora ($COR) agreed to acquire American Oncology Network (AON) for $2.4 billion enterprise value, consisting of $2.3 billion at closing plus up to $100 million in CVRs. Cencora expects to pay approximately $1.7 billion for a 75% stake after a potential equity rollover. The deal is expected to be accretive to adjusted EPS in the second year post-closing.