India, July 21 -- Healthcare services company Cardinal Health, Inc. (CAH) announced late Monday its agreement to acquire the Diabetes Health business of AdaptHealth Corp. (AHCO), as well as Strive Medical, a multi-specialty supply provider with a focus on urology. The combined price for the transactions would be around $360 million in cash, subject to working capital adjustments.
The deals are expected to be accretive to non-GAAP earnings per share in the first 12 months following close. They are subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals.
With the two tuck-in acquisitions, the company aims to accelerate its at-Home Solutions' growth strategy, to expand its home care bus...