Cardinal Health Invests $3.9B in Gastroenterology and Diabetes Expansion
Cardinal Health has announced the acquisition of a majority stake in GI Alliance and the Advanced Diabetes Supply Group for $2.8 billion and $1.1 billion, respectively. These acquisitions aim to enhance Cardinal Health's growth in multi-specialty and at-home healthcare solutions. The GI Alliance acquisition will expand Cardinal Health's presence in gastroenterology, while the Advanced Diabetes Supply Group will bolster its direct-to-patient diabetes supply services. Both transactions are expected to close in early 2025, contributing to Cardinal Health's revenue and profit growth.