Cardinal Health to acquire Specialty Networks for $1.2bn.

Cardinal Health, a multinational health care services company, agreed to acquire Specialty Networks, a technology-enabled multi-specialty group purchasing and practice enhancement organization, for $1.2bn. "Expanding in specialty is a top priority for us and we have been investing to expand our offering. The acquisition of Specialty Networks enhances our specialty strategy by providing new capabilities that strengthen the link between our downstream and upstream services, enabling us to create value for customers, manufacturer partners and patients," Jason Hollar, Cardinal Health CEO.