Cardinal Health to buy nat’l diabetes provider 

DUBLIN, Ohio – Cardinal Health has entered into a definitive agreement to acquire Advanced Diabetes Supply for about $1.1 billion in cash, with plans to merge the company into its at-Home Solutions business. 

ADS, led by CEO Bill Mixon, serves about 500,000 patients annually by providing the latest innovations in diabetes therapies from leading manufacturers. 

"Last January, we elevated the priority of investing in our growth businesses like at-Home Solutions because this is exactly where the future of health care is going," said Jason Hollar, CEO of Cardinal Health. "Like at-Home Solutions, ADS has a proven track record for leading this industry with innovation, knowledge and unparalleled commitment to patients. We're confident that the highly synergistic combination will enhance our ability to take advantage of positive industry trends and drive further growth, deliver on our promise of exceptional service and solutions to customers, and create shareholder value." 

Cardinal Health expects the deal to close in early calendar year 2025, subject to customary closing conditions, including the receipt of required regulatory approvals. 

In the same announcement, Cardinal Health said it has also entered into a definitive agreement to acquire GI Alliance, a gastroenterology management services organization, in a move that accelerates its multi-specialty growth strategy. 

• Related: ADS named Bill Mixon as its CEO in July 2023. Read our Q&A with him here. 
• Related: ADS recently partnered with StrideMD to offer select members with Type 2 diabetes access to a full suite of remote patient monitoring and virtual care support services from a team of endocrinologists, certified diabetes educators and other medical professionals. 
• Related: ADS recently expanded its Part B services to retail pharmacies to include management of diabetes supplies.