ExitWednesday, October 21, 2026
Cencora to buy AEA-backed American Oncology Network for up to $2.4bn
American Oncology Network, a physician-led network with more than 350 providers in 21 states, agreed to sell to Cencora for up to $2.4 billion.
Cencora has agreed to acquire American Oncology Network, a physician-led cancer care network backed by AEA Growth Equity, in a deal valued at up to $2.4 billion including contingent payments.
American Oncology Network was founded in 2018 and counts more than 350 oncology providers across 21 states. Cencora already holds a small stake and is buying the remaining shares from AEA and other holders.
Deal facts
- Target
- American Oncology Network
- Business
- Physician-led oncology network founded in 2018 with more than 350 oncology providers across 21 states.
- Buyer
- Cencora
- Seller
- AEA Investors
- Deal type
- Exit
- Value
- up to $2.4 billion
- Status
- Announced, not yet closed
- Announced
- Wednesday, October 21, 2026
Sources
- PEI Private EquityOct 23, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.