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Cencora to Acquire Covetrus in $3.5B Animal Health Merger
Acquisition

Cencora to Acquire Covetrus in $3.5B Animal Health Merger

Law360 — Mergers & Acquisitions
Law360 — Mergers & Acquisitions
•February 18, 2026
Law360 — Mergers & Acquisitions
Law360 — Mergers & Acquisitions•Feb 18, 2026
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Participants

Cencora

Cencora

acquirer

Covetrus

Covetrus

target

Deal Summary

Cencora announced a $3.5 billion merger with Covetrus, creating a leading animal health company. The transaction, guided by three advisory firms, combines Cencora's distribution capabilities with Covetrus's veterinary services platform. The deal is expected to close later this year.

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