Healthcare DIVE November 14, 2024
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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