Cardinal Health to acquire a 71% stake in GI Alliance from Apollo for $2.8bn.

Cardinal Health, a distributor of pharmaceuticals and specialty products, agreed to acquire a 71% stake in GI Alliance, a provider of comprehensive gastrointestinal care services, from Apollo, a private equity firm, for $2.8bn. "Cardinal Health and GI Alliance are aligned in our shared vision to build a physician-led, national specialty healthcare platform that will be the preferred choice for all patients seeking dependable, high-quality care. This partnership brings together two like-minded organizations focused on delivering exceptional care and enhanced clinical and operational support for physicians that drives increased value," James Weber, GI Alliance CEO.