Cencora to Acquire TPG’s Equity Stake in OneOncology, Strengthening Specialty Care Platform

The move follows significant physician-led growth and investment in OneOncology.

Cencora, Inc. announced it has entered a definitive agreement to acquire TPG’s equity stake in OneOncology, a national platform empowering independent oncology practices.

The move follows significant physician-led growth and investment in OneOncology.

Jeff Patton, M.D., CEO of OneOncology, said, “We are pleased to advance our longstanding partnership with Cencora, who shares our commitment to supporting independent providers. Leveraging Cencora’s expertise while maintaining independence will enhance the value we provide to practices, enabling physicians to focus on delivering accessible and innovative care.”

Cencora’s acquisition is positioned to accelerate OneOncology’s growth through expanded technology capabilities, clinical innovation, shared services, and further investment in specialty care. The platform’s physician-led model has attracted leading practices and enabled expansion into multiple local communities.

Bob Mauch, President and CEO of Cencora, highlighted that the acquisition aligns with the company’s pharmaceutical-centric strategy. “Since our initial investment, OneOncology has grown substantially. Combined with our recent RCA acquisition, we aim to strengthen research, clinical trial capabilities, advanced technology resources, and physician leadership to deliver unique value to stakeholders,” Mauch said.

TPG, the outgoing investor, noted its confidence in OneOncology’s future under Cencora. Kendall Garrison, Partner at TPG, remarked, “OneOncology has expanded its footprint and integrated patient-focused practices into its national network since 2023. We are confident in the platform’s continued success with Cencora’s support.” John Schilling, Co-Managing Partner of TPG Capital, added, “It has been a privilege to partner with Dr. Patton and the management team in advancing cancer care and patient outcomes.”

Stay tuned for more such updates on Digital Health News