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cencora
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Pharmaceutical distribution and healthcare solutions provider
cencora
Work Here?
Pharmaceutical distribution and healthcare solutions provider
About cencora
Industries
Consulting
Social Impact
Healthcare
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Pennsylvania
Founded
1907
Overview
Cencora is a global pharmaceutical solutions organization that focuses on enhancing healthcare for both people and animals. The company provides a variety of services, including drug distribution, specialty pharmacy services, and consulting, which help healthcare providers, pharmaceutical manufacturers, and veterinary practices improve efficiency and patient outcomes. Cencora's business model is centered around offering value-added services, generating revenue through pharmaceutical distribution, consulting, and patient support programs. What sets Cencora apart from its competitors is its commitment to social responsibility, exemplified by its $100 million investment in Project Black, which aims to foster minority-owned businesses. The company's goal is to advance pharmaceutical care while adhering to Environmental, Social, and Governance (ESG) principles.
Simplify's Take
What believers are saying
- Cencora's acquisition of Retina Consultants enhances its specialty leadership.
- The FormularyDecisions platform aids healthcare payers in assessing cell and gene therapies.
- Digital health solutions boost Cencora's patient engagement and operational efficiency.
What critics are saying
- Cencora's $75 million ransomware payment exposes cybersecurity vulnerabilities.
- The $1.8 billion acquisition could strain financial resources if returns are low.
- Rapid cell and gene therapy market growth requires quick adaptation to stay competitive.
What makes cencora unique
- Cencora integrates drug distribution with specialty pharmacy and consulting services.
- The company offers advanced supply chain management and patient support solutions.
- Cencora's Project Black initiative supports minority-owned businesses in the healthcare sector.
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Funding
Total Funding
$1500M
Above
Industry Average
Funded Over
2 Rounds
Company News
Independent pharmacies are adapting to new dynamics, with digital tools and patient expectations changing how they operate and deliver care. Once overshadowed by large chain pharmacies, these independent businesses are finding creative ways to stay competitive by integrating new technologies and expanding their roles beyond traditional dispensing services. Good Neighbor Pharmacy, part of Cencora (formerly AmerisourceBergen), has become a key ally for independent pharmacy owners. The organization provides tools and resources that help members meet modern challenges, from optimizing day-to-day operations to engaging customers and strengthening community relationships. By leveraging digital solutions, Good Neighbor Pharmacy is helping pharmacies remain competitive while continuing to offer trusted healthcare services. Staying True to Its Mission
Fortune 500 healthcare giant Cencora announces $1.8B in senior notes across three offerings, with rates from 4.625% to 5.150%, to finance Retina Consultants acquisition.
Cencora, Inc. (NYSE: COR) today announced that it has entered into a definitive agreement to acquire Retina Consultants of America (“RCA”), a leading
The publicly traded drug distributor, formerly known as AmerisourceBergen, reportedly sent Bitcoin btc-1.89% Bitcoin worth $75 million to cyberattackers following a data breach in February.
DALLAS, June 26, 2024 /PRNewswire/ -- Dalfen Industrial has finalized the disposition of two Denver-area assets totaling ~150,000 square feet of industrial space in April 2024. Aurora Center I, Aurora, CO. I-70 Industrial Center was acquired by Dalfen Industrial in August 2019. The industrial center consists of 2 light industrial-warehouse buildings totaling 77,222 SF located in Denver, CO. The property is located in the Upper North Central Industrial Submarket directly off I-70 and just a quarter of a mile from I-25, the region's two major highways. It's also in close proximity to Denver International Airport as well as both the BNSF and Union Pacific Rail Yards
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About cencora
Industries
Consulting
Social Impact
Healthcare
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Pennsylvania
Founded
1907
There are no jobs for cencora right now.
Find jobs on Simplify and start your career today