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.
Cardinal Health to acquire $2.8B majority stake in GI Alliance
Dallas-based GI Alliance has 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, The Economic Times reported Nov. 12.
Cardinal Health to acquire two more specialty companies
The healthcare products and services company plans to acquire Advanced Diabetes Supply Group and a majority stake in GI Alliance by early 2025.
Cardinal Health buys GI Alliance and Advanced Diabetes Supply Group for about $3.9 billion
Cardinal Health said on Monday it acquired majority stakes in GI Alliance and Advanced Diabetes Supply Group (ADSG) for about $2.8 billion and $1.1 billion each in an all cash deal. GIA will operate as a platform within Cardinal Health's Pharmaceutical and Specialty Solutions segment,
Cardinal Health to buy GI Alliance, diabetes supply company for $3.9B
Cardinal Health has agreed to acquire a majority stake in GI Alliance, a gastroenterology management services organization, and Advanced Diabetes Supply Group for a combined total of $3.9 billion, according to an Nov. 11 news release from the company.
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