Business
Covetrus and MWI Animal Health to Merge
CONSHOHOCKEN, Pa. & PORTLAND, Maine, February 18, 2026--Cencora (NYSE: COR) and Covetrus, a global animal health technology and services company, today announced that they have entered into a definitive agreement under which Covetrus and MWI Animal Health (MWI) will merge, creating a combined company offering a comprehensive animal health platform.
About this update from Cencora, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Combination of companion animal distribution, production animal distribution and technology platforms will make animal healthcare more accessible and affordable","length":160,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Transaction unites complementary businesses to deliver innovative, efficient solutions and expertise across the entire animal health ecosystem","length":142,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Deal values MWI at an enterprise value of $3.5 billion. Cencora to receive cash proceeds of $1.25 billion and $800 million of preferred equity while retaining a non-controlling common equity stake of 34.3% in the combined company","length":229,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cencora reaffirms fiscal 2026 financial guidance","length":48,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":579,"olType":false},{"type":"text","content":"CONSHOHOCKEN, Pa. & PORTLAND, Maine, February 18, 2026--(BUSINESS WIRE)--Cencora (NYSE: COR) and Covetrus, a global animal health technology and services company, today announced that they have entered into a definitive agreement under which Covetrus and MWI Animal Health (MWI) will merge, creating a combined company offering a comprehensive animal health platform.","length":371,"tagName":"p"},{"type":"text","content":""Our mission has always been to empower veterinary practices to work smarter and deliver better care," said Ben Wolin, President and Chief Executive Officer of Covetrus. "By bringing MWI’s strong distribution capabilities and expertise to our business, we can offer more solutions to more customers, improve logistics, create savings and develop innovative new ways to support the animal health ecosystem, including veterinarians, producers, dealers, manufacturers, distributors and pet parents. This combination is about making animal healthcare more affordable and accessible, and we remain committed to driving innovation across the industry."","length":666,"tagName":"p"},{"type":"text","content":""As the animal health sector has grown and developed, so too have the needs of MWI’s stakeholders. This transaction positions MWI for success with a partner strategically focused on and dedicated to animal health, while allowing Cenc...