Cardinal Health to acquire practice enhancement organization Specialty Networks
Cardinal Health (NYSE: CAH) announced Wednesday, January 31, 2024 that it has entered into a definitive agreement to acquire Specialty Networks, a technology-enabled multi-specialty group purchasing and practice enhancement organization for $1.2B in cash.
Specialty Networks is an integrated, multi-specialty organization with Group Purchasing Organizations (GPOs), Life Sciences, and Research solutions in Urology, Gastroenterology, and Rheumatology. Specialty Networks solutions include population health management, patient engagement, clinical research, and workflow automation technologies to achieve Center of Excellence status in Standards of Care, Clinical Research, Practice Operations, and Value-based Care. Specialty Networks leverages the Power of its Network, represented by over 10,000 providers, to help independent physician practices, industry, wholesalers/distributors, payers, and policymakers improve patient outcomes.