Conshohocken-based Cencora, a pharmaceutical solutions company, recently signed an agreement to purchase the retina business of Georgia-based EyeSouth Partners, a network of integrated eye care practices, for $1.1 billion.
The business will become part of Cencora’s Retina Consultants of America (RCA), a network of leading retina specialists with the goal of improving patient lives and saving sight through innovation and high quality care.
“Driven by a commitment to empower ophthalmologists, EyeSouth Partners has built a strong regional network of physicians that provides high quality patient care,” Robert Mauch, Cencora president and CEO, said. “By joining RCA, these physicians will become part of an organization with capabilities designed to provide world-class retina care and be supported by Cencora’s longstanding commitment to community physicians.”
The deal is subject to customary closing conditions and regulatory approvals.
“We are excited to be joining RCA, which shares our commitment to delivering exceptional care and advancing the fight against blindness,” Dr. Atul Sharma, EyeSouth Partners board of directors member, said. “Our physicians will drive expanded access to innovative treatments through RCA’s clinical trial and research offerings while continuing to work with EyeSouth Partners to support patient access across the ophthalmology landscape.”
Cencora employs more than 51,000 people worldwide.