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An update from Cardinal Health ( (CAH) ) is now available.
Cardinal Health is set to acquire a majority stake in GI Alliance, the leading gastroenterology management services organization, and Advanced Diabetes Supply Group for $2.8 billion and $1.1 billion, respectively. These strategic acquisitions aim to enhance Cardinal Health’s capabilities in specialty care and at-home solutions, aligning with their growth strategy. The deals are expected to boost revenue and earnings, with completion anticipated in early 2025, funded by a mix of cash and debt.
For an in-depth examination of CAH stock, go to TipRanks’ Stock Analysis page.
