Becker's Healthcare November 27, 2024
Here are five major physician group deals Becker’s has reported on in 2024:
1. In November, Dallas-based GI Alliance entered a definitive agreement with Dublin, Ohio-based pharmaceutical distributor and healthcare services company Cardinal Health in which Cardinal will acquire a majority stake in GI Alliance.
Gastroenterology group management company GI Alliance is holding its position as the largest network of GI providers in the U.S., with over 300 practices in its network and more than 900 affiliated providers in 2024.
Cardinal Health would take over a 71% stake valued at $2.8 billion from a combination of physician owners and funds managed by affiliates of Apollo Global Management. The acquisition marks Cardinal Health’s first venture into gastroenterology.
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