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)