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The two transactions are expected to be accretive to Cardinal Health’s revenue and segment profit growth.
Pharmaceutical distributor Cardinal Health is eyeing an expanded footprint in the specialty medicine space through the planned acquisitions of GI Alliance (GIA) and Advanced Diabetes Supply Group (DSG).
Cardinal will acquire a majority stake in GIA, a gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. The company will purchase its majority stake for about $2.8 billion in cash, which will represent 71% ownership.
GIA will operate as a platform within Cardinal Health’s Pharmaceutical and Specialty Solutions segment.
At the same time, Cardinal will acquire ADSG, one of the country’s leading diabetic...
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