On Wednesday, Cardinal Health, Inc. indicated their plans to acquire Specialty Networks in a cash deal worth $1.2 billion.
This move will likely expand Cardinal Health's influence in major therapeutic domains, further enhancing provider-focused analytics services and capabilities. The purchase is also set to expand the company's upstream research prospects with biopharma manufacturers.
Specialty Networks offers a deep understanding of independent specialty physician practices, which will prove hugely beneficial to Cardinal Health. This expertise will speed up the development process of the company's Navista Network. Moreover, the PPS Analytics of Specialty Networks will perfectly accompany Cardinal Health's distribution, research, and technological potential. The analytics are typically amalgamated from sources such as electronic medical records, practice management, imaging, and medicine dispensing systems.
The proposed deal is dependent on standard closing conditions and is projected to contribute positively to non-GAAP earnings per share over a period of 12 months post the final deal.
