Cardinal Health is set to expand its presence in gastroenterology and at-home healthcare solutions with two major acquisitions totaling $3.9 billion. The company will acquire a 71% stake in GI Alliance (GIA) for $2.8 billion, enhancing its specialty offerings alongside recent investments in oncology and rheumatology. Additionally, Cardinal will acquire Advanced Diabetes Supply Group (ADSG) for $1.1 billion, bolstering its at-home diabetes care services. These moves mark Cardinal’s continued diversification beyond drug distribution and align with its growth strategy following a fiscal 2025 profit forecast boost, fueled by specialty and branded drug demand.
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