Healthcare DIVE November 14, 2024
Emily Olsen

The drug distributor will buy a majority stake in gastroenterology practice management group GI Alliance and purchase Advanced Diabetes Supply Group in deals that should close in early 2025.

Dive Brief:

  • Cardinal Health has entered into definitive agreements to acquire two companies as the medical supply firm and drug distributor expands in specialty and home healthcare.
  • The company will acquire a 71% stake in gastroenterology practice management group GI Alliance for about $2.8 billion, Cardinal said Monday.
  • The distributor will also buy Advanced Diabetes Supply Group, a supplier for diabetes care products that serves about 500,000 patients each year, for about $1.1 billion. Both deals are expected to close early next year.

Dive Insight:

Cardinal will...

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Topics: Mergers & Acquisitions / JV, Provider, Trends
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