Cardinal Health Has Agreed To Acquire Specialty Networks For $1.2B In Cash
Portfolio Pulse from Benzinga Newsdesk
Cardinal Health has agreed to purchase Specialty Networks for $1.2 billion in cash, aiming to provide greater clinical and economic value to 11,500 specialty providers and over 7,000 physicians in 1,200 independent practices. The acquisition is also expected to facilitate Cardinal Health's expansion across various specialty therapeutic areas and enhance the capabilities of its Specialty division, as well as support the ongoing development of the Navista™ Network.
January 31, 2024 | 11:48 am
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Cardinal Health's acquisition of Specialty Networks for $1.2B is set to enhance its specialty provider network and support the growth of its Navista™ Network, potentially leading to increased market share and revenue streams.
The acquisition of Specialty Networks by Cardinal Health is a strategic move that is likely to have a positive short-term impact on CAH's stock price. The deal is significant as it not only expands Cardinal Health's provider network but also strengthens its position in the specialty healthcare market. The investment in the Navista™ Network indicates a commitment to growth in this area, which could be viewed favorably by investors. The cash nature of the deal suggests confidence in the value of the acquisition.
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