The drug distributor will buy a majority stake in gastroenterology practice management group GI Alliance and purchase Advanced Diabetes Supply Group in deals that should close in early 2025.

Cardinal will acquire a majority stake in GIA, a gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. The company will purchase its majority stake for about $2.8 billion in cash, which will represent 71% ownership.

Cardinal Health plans to buy two companies that will expand its diabetes and gastroenterology businesses as part of an overall strategy to grow its footprint in specialty medicine. | Cardinal Health plans to buy two companies that will expand its diabetes and gastroenterology businesses as part of an overall strategy to grow its footprint in specialty medicine.

The healthcare products and services company plans to acquire Advanced Diabetes Supply Group and a majority stake in GI Alliance by early 2025.

Cardinal Health acquires two companies to enhance patient care and strategic growth, confirming its capital deployment plans.