Cardinal Health Acquires Solaris Health for $1.9B, Forming New Urology Alliance
Cardinal Health has finalized a deal to acquire Solaris Health for $1.9 billion. Post-merger, Cardinal Health will hold a 40% stake in The Specialty Alliance, a new entity formed to strengthen urology capabilities.
The Specialty Alliance will be led by physicians from Solaris and its management, who will also hold equity in the new company. Upon completion, Cardinal Health's stake will increase to 75%.
Solaris Health currently serves a vast network, including over 750 providers across more than 250 practices in 14 states. This acquisition aims to bolster Cardinal Health's urology offerings and expand its reach.
The acquisition of Solaris Health by Cardinal Health for $1.9 billion is set to reshape the urology landscape. The formation of The Specialty Alliance, with its expanded provider network and strengthened urology capabilities, is expected to benefit both companies and their patients.
Read also:
- Thieves Steal Unique Sculptures from Redwood National Park's Grove of Titans
- 24M's Revolutionary 'Electrode-to-Pack' Battery Promises 50% More EV Range
- Thessaly's Climate Plan Stalls Two Years After Storm Daniel Devastation
- International powers, including France, Germany, and the UK, advocate for the reinstatement of sanctions against Iran.
