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Cardinal Health, Dublin, OH, has agreed to acquire Healthcare Solutions Holding, LLC in an upfront $517 million all-cash transaction. Healthcare Solutions Holding provides tools, services and data to key participants across the chain of specialty care including physicians, pharmaceutical companies and payors.
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The acquisition will expand Cardinal Health's current capabilities and reach in specialty pharmaceuticals, a segment of the market which IMS Health forecasts will grow at twice the rate of traditional pharmaceuticals for the next five years and exceed $100 billion in sales by 2013. Healthcare Solutions Holding's results will be reported within Cardinal Health's Pharmaceutical segment.
"This acquisition is an important building block in our strategy to create a differentiated set of services for oncology and specialty customers," said George Barrett, CEO of Cardinal Health.