Cardinal Health, Inc. (NYSE:CAH) entered into a definitive agreement to acquire Specialty Networks, LLC for $1.2 billion on January 31, 2024. The purchase price payable in cash, is subject to certain adjustments. Cardinal Health plans to fund the acquisition with available cash. This transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals, and satisfaction of other closing conditions. The transaction is expected to be accretive to non-GAAP earnings per share 12 months following close. Brett Nelson, Bob Wilson, Matt Dobleman, Daniel Schwimmer; and Chris Worek of Kirkland & Ellis counseled Specialty Networks. Robert W. Baird & Co. Incorporated acted as financial advisor to Specialty Networks, LLC.

Cardinal Health, Inc. (NYSE:CAH) completed the acquisition of Specialty Networks, LLC on March 18, 2024. The Specialty Networks team joins the Pharmaceutical and Specialty Solutions segment of Cardinal Health and Shailendra Sharma will continue to lead the business.