(Reuters) – Cardinal Health said on Monday it acquired majority stakes in GI Alliance and Advanced Diabetes Supply Group (ADSG) for about $2.8 billion and $1.1 billion each in an all cash deal.
GIA will operate as a platform within Cardinal Health’s Pharmaceutical and Specialty Solutions segment, while ADSG will merge with it at-Home Solutions business, the company said.
(Reporting by Devika Nair in Bengaluru; Editing by Rashmi Aich)
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