financetom
Business
financetom
/
Business
/
Cardinal Health commits $1.9 billion cash for deal to buy Solaris Health
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cardinal Health commits $1.9 billion cash for deal to buy Solaris Health
Aug 12, 2025 4:38 AM

Aug 12 (Reuters) - Cardinal Health ( CAH ) said on

Tuesday its unit would buy Solaris Health and the company would

provide about $1.9 billion in cash for the deal, as the drug

distributor looks to expand its specialty business.

Cardinal's specialty business includes costly medicines to

treat complex conditions such as cancer and rheumatoid

arthritis, and the deal gives it access to a network of

community urologists spread across 14 states.

Solaris Health provides administrative and management

support services to healthcare providers in the urological

field.

Cardinal said it would buy Solaris from private equity firm

Lee Equity Partners and the deal is expected to close by the end

of the year.

(Reporting by Mariam Sunny in Bengaluru; Editing by Devika

Syamnath)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
DTE Energy's Q2 Operating Earnings Increase
DTE Energy's Q2 Operating Earnings Increase
Jul 25, 2024
07:51 AM EDT, 07/25/2024 (MT Newswires) -- DTE Energy ( DTE ) reported Q2 operating earnings Thursday of $1.43 per diluted share, up from $0.99 a year earlier. Analysts polled by Capital IQ expected $1.23. The company said it continues to expect 2024 operating EPS of $6.54 to $6.83. Analysts surveyed by Capital IQ expect $6.69. ...
FirstService Q2 Adjusted Earnings Decline, Revenue Increases
FirstService Q2 Adjusted Earnings Decline, Revenue Increases
Jul 25, 2024
07:52 AM EDT, 07/25/2024 (MT Newswires) -- FirstService ( FSV ) reported Q2 adjusted earnings Thursday of $1.36 per diluted share, down from $1.46 a year earlier. Analysts polled by Capital IQ expected $1.30. Revenue for the quarter ended June 30 was $1.30 billion compared with $1.12 billion a year earlier. Analysts surveyed by Capital IQ expected $1.28 billion. ...
Grab no longer buying Trans-cab, Singapore watchdog says
Grab no longer buying Trans-cab, Singapore watchdog says
Jul 25, 2024
SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore's third-largest taxi operator, Trans-cab, according to a statement from Singapore's competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said in the statement on Thursday evening that both Grab and Trans-cab had notified it on July 22 that they...
Keurig Dr Pepper's Q2 Earnings, Revenue Rise; Maintains 2024 Outlook; Shares Up Pre-Bell
Keurig Dr Pepper's Q2 Earnings, Revenue Rise; Maintains 2024 Outlook; Shares Up Pre-Bell
Jul 25, 2024
07:52 AM EDT, 07/25/2024 (MT Newswires) -- Keurig Dr Pepper ( KDP ) reported Q2 adjusted earnings Thursday of $0.45 per diluted share, compared with $0.42 a year earlier. Analysts surveyed by Capital IQ expected $0.45. Revenue for the quarter ended June 30 was $3.92 billion, compared with $3.79 billion a year earlier. Analysts surveyed by Capital IQ expected $3.92...
Copyright 2023-2026 - www.financetom.com All Rights Reserved