November 12, 2024 – Cardinal Well being introduced it has entered into definitive agreements to amass two firms that can speed up Cardinal Well being's strategic development areas and enhance affected person care. The corporate has additionally supplied affirmation of its capital deployment plans.

Cardinal Well being will purchase a majority stake in GI Alliance (GIA), the nation's main gastroenterology (GI) administration companies (MSO) group, from a mixture of GIA doctor homeowners and funds managed by Apollo associates. Cardinal Well being will buy its majority stake for about $2.8 billion in money, which is able to characterize 71% possession. GIA will function as a platform inside Cardinal Well being's Pharmaceutical and Specialty Options section. Cardinal Well being may even purchase Superior Diabetes Provide Group (ADSG), one of many main diabetes medical gadget suppliers, for about $1.1 billion in money. ADSG will merge with Cardinal Well being's at-House Options enterprise.

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