Cardinal Health inks 2 acquisitions worth $3.9B
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.
Cardinal Health inks two deals worth $3.9B to expand diabetes, gastroenterology businesses
Cardinal Health plans to buy two companies that will expand its diabetes and gastroenterology businesses as part of an overall strategy to grow its footprint in specialty medicine. | Cardinal Health plans to buy two companies that will expand its diabetes and gastroenterology businesses as part of an overall strategy to grow its footprint in specialty medicine.
Cardinal Health expands gastroenterology, diabetes businesses with two deals worth $3.9 bln
Drug distributor Cardinal Health said on Monday it will take a majority stake in gastroenterology care platform GI Alliance (GIA) and buy diabetes medicine provider Advanced Diabetes Supply Group (ADSG) in two deals worth about $3.
Court Square to sell Advanced Diabetes Supply Group to Cardinal Health
Court Square Capital Partners has agreed to sell Advanced Diabetes Supply Group, a Carlsbad, California-based distributor of durable medical equipment specializing in diabetes supplies, to Cardinal Health. No financial terms were disclosed. Court Square originally acquired ADSG in December 2020.
Cardinal Health set to acquire two companies for combined $3.9B
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.
Cardinal Health expands gastroenterology, diabetes businesses with two deals worth $3.9 billion
(Reuters) -Drug distributor Cardinal Health said on Monday it will take a majority stake in gastroenterology care platform GI Alliance (GIA) and buy diabetes medicine provider Advanced Diabetes Supply Group (ADSG) in two deals worth about $3.
Cardinal Health to buy GI Alliance, diabetes supply company for $3.9B
GI Alliance, the largest gastroenterology management services organization in the U.S., operates more than 900 physicians across 345 locations in 20 states. Cardinal Health also will acquire ADSG, a provider of diabetes supplies directly to patients and integrate it into its at-Home business.
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