India, Aug. 12 -- Cardinal Health Inc. (CAH), a health care service provider, said on Tuesday that the Specialty Alliance, its multi-specialty management services organization, or MSO, platform, has inked a deal to acquire Solaris Health, a urology MSO, from Lee Equity Partners and Solaris Health physician owners.
Cardinal Health will provide around $1.9 billion in cash to the Specialty Alliance to complete the acquisition and will own approximately 75% of the Specialty Alliance after its acquisition of Solaris Health.
Cardinal Health intends to finance the acquisition with a combination of cash on hand and new debt.
The transaction, expected to close by the end of 2025, is anticipated to be slightly accretive to Cardinal Health's adjust...