Cencora to Merge MWI Animal Health Unit with Covetrus in $3.5 Billion Deal
Drug distributor Cencora announced today that its MWI Animal Health unit will merge with Covetrus. The transaction values the MWI business at $3.5 billion.
Insights:
Cencora, Inc. announced on February 18, 2026, that it will merge its MWI Animal Health unit with the privately held company Covetrus. The transaction values MWI at $3.5 billion and represents a significant restructuring of the veterinary business interests held by the company.
This transaction matters because it affects Cencora's veterinary business and the proceeds from that unit. The announcement marks a major development for MWI Animal Health as it joins with Covetrus to form a new arrangement within the animal health sector, directly impacting the financial proceeds tied to that specific business segment.
