Source: Today’s Veterinary Business
Covetrus and MWI Animal Health have agreed to merge, forming a comprehensive animal health platform serving companion, equine, and production animal markets. Under the deal, MWI’s parent company, Cencora, will receive $1.25 billion in cash, $800 million in preferred equity, and $1.45 billion in common equity, valuing MWI at $3.5 billion. Cencora will hold a 34.3% non-controlling stake in the combined company.
The merger brings together MWI’s extensive distribution network and supply chain expertise with Covetrus’ technology-enabled services, including pharmacy and practice management solutions. Leaders say the integration will improve logistics, expand access to products and services, and generate cost savings for Veterinary practices. The combined company aims to support veterinarians, producers, manufacturers, distributors, and pet owners with a broader range of tools and resources.
The transaction is subject to regulatory approvals and customary closing conditions and is not expected to close before September 30, 2026.
Read the full story HERE: https://todaysveterinarybusiness.com/covetrus-and-mwi-animal-health-merge/