Cardinal Health announced definitive agreements to acquire a majority stake in GI Alliance (GIA) for approximately $2.8 billion in cash, representing 71% ownership. Concurrently, the company will acquire Advanced Diabetes Supply Group (ADSG) for approximately $1.1 billion in cash.
These acquisitions are strategic moves designed to accelerate Cardinal Health's growth in specialty and at-Home Solutions businesses. GIA, a leading gastroenterology management services organization, will operate as a platform within the Pharmaceutical and Specialty Solutions segment, expanding the company's multi-specialty platform.
ADSG, a national direct-to-patient diabetes medical supplies provider, will merge with Cardinal Health's at-Home Solutions business, enhancing its capabilities to serve the rapidly growing home healthcare market. Both transactions are expected to close in early calendar year 2025 and are anticipated to be accretive to Cardinal Health's revenue, segment profit growth, and non-GAAP earnings per share in the first 12 months following close.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.