Cardinal Health bets on post-acute management services
DUBLIN, Ohio – Cardinal Health will acquire a majority stake in naviHealth, a Nashville, Tenn.-based company that partners with health plans, health systems and providers to manage post-acute care. “The acquisition of naviHealth aligns with Cardinal Health’s strategic priority of offering the most complete and integrated suite of services to meet the needs of our integrated delivery network, hospitals and other customers,” stated Michael Petras, president of Cardinal Health at Home, in a press release. naviHealth services nearly 2 million health plan members and more than 75 partner hospitals and physician groups. Its executive management team will continue to lead the business. Its principal investor, Welsh, Carson, Anderson & Stowe, along with management, will continue to have an ownership interest. Cardinal Health’s distribution channel and suite of clinical products and services will accelerate naviHealth’s growth and expand its value proposition, according to the release.