Cardinal Health Boosts Specialty Presence With Solaris Health Acquisition, Lifts Profit Outlook

Cardinal Health Inc. (NYSE:CAH) shares fell Tuesday after the company reported mixed fourth-quarter results and announced a $1.9 billion deal to acquire Solaris Health.

M&A Deal

On Tuesday, Cardinal Health’s Specialty Alliance, its multi-specialty management services organization (MSO) platform, agreed to acquire Solaris Health, an urology management services organization (MSO), from Lee Equity Partners and Solaris Health physician owners.

Cardinal Health will provide approximately $1.9 billion in cash to The Specialty Alliance to enable the acquisition, and will own approximately 75% of The Specialty Alliance after it acquires Solaris Health.

Also Read: Cardinal Health Analyst Flags Fading Scale Gap, Sees Rising Edge in Specialty Growth

Solaris Health physicians and several members of management will join GI Alliance physician owners and management as equity holders and operators in The Specialty Alliance.

Solaris Health supports over 750 providers across over 250 practice locations in 14 states. Cardinal Health expects the transaction to close by the end of 2025.

The transaction is ...