Cardinal Health Acquires GI Alliance & ADSG for $3.9B to Boost Specialty Healthcare
Slice of Healthcare Team
Nov 14, 2024
Key Highlights
- $2.8 billion investment for 71% stake in GI Alliance, expanding Cardinal’s specialty care in gastroenterology.
- $1.1 billion acquisition of ADSG to strengthen at-Home Solutions in diabetes care.
- Both deals aim to enhance patient care and accelerate specialty growth.
- Capital allocation strategy reaffirmed, financing through cash and new debt.
- Acquisitions expected to close in early 2025 and be accretive to EPS within 12 months.
Source: PR Newswire
Notable Quotes
“ Today is an exciting day at Cardinal Health as we announce two strategic and financially compelling transactions. ”
Jason Hollar, CEO at Cardinal Health
“ Cardinal Health and GI Alliance are aligned in our shared vision to build a physician-led, national specialty healthcare platform. ”
James Weber, M.D., CEO at GI Alliance
“ We couldn't be more excited about joining Cardinal Health at-Home Solutions to build on our mission. ”
Bill Mixon, CEO at ADSG
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