Cardinal Health acquires Specialty Networks for $1.2bn in cash, targeting growth in its specialty business.

Cardinal Health agrees to acquire Specialty Networks for $1.2 billion in cash. Cardinal Health, a healthcare services and products company, announced that it has reached a deal to buy out Specialty Networks, a multi-specialty group purchasing and practice enhancement organization, for $1.2 billion. The acquisition, which is expected to be completed in the third quarter of 2024, is aimed at accelerating the growth in the company's specialty business.

January 31, 2024
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