Cardinal Health to acquire Specialty Networks
By HME News Staff
Updated 9:42 AM CST, Thu February 1, 2024
DUBLIN, Ohio – Cardinal Health has entered into an agreement to acquire Specialty Networks, a technology-enabled, multi-specialty group purchasing and practice enhancement organization, for $1.2 billion in cash. The acquisition demonstrates Cardinal Health's strategic prioritization of investing to accelerate growth in its Specialty business and provide leading-edge technologies, capabilities and talent that address critical business and customer needs. It also complements Cardinal Health's offering in key therapeutic areas by enhancing the company's downstream provider-focused analytics capabilities and service offerings and accelerating its upstream data and research opportunities with biopharma manufacturers. "Expanding in specialty is a top priority for us and we have been investing to expand our offering," said Jason Hollar, CEO Cardinal Health. "The acquisition of Specialty Networks enhances our specialty strategy by providing new capabilities that strengthen the link between our downstream and upstream services, enabling us to create value for customers, manufacturer partners and patients." Specialty Networks creates clinical and economic value for independent specialty providers and partners across multiple specialty GPOs: UroGPO, Gastrologix and GastroGPO, and United Rheumatology.
Comments