Health care investment firm Patient Square Capital said the transaction positions the dental and animal health distributor for future growth.
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The company agreed to acquire ADSG for $1.1 billion and acquired a majority stake in GIA for $2.8 billion.
Optimum was a top customer whose contract expired at the end of June. Excluding that, 1Q sales saw double-digit annual growth.
The new facility is set to offer specialized handling for sensitive products available by early 2025.
The 350,000-square-foot distribution center will be the largest to support Cardinal Health's at-home healthcare medical supplies business.
To be purchased from Florida Cancer Specialists & Research Institute, it enhances McKesson’s integrated oncology platform.
The new DC will replace a current facility there and be 30% larger.
The company totaled $227 billion in 2024 sales, up 11% annually.
The distributor said recovery from the fall 2023 cyberattack has been slower than expected, which continues to weigh on sales growth.
The new facility in Fort Worth, TX replaces the company's former DC in Grapevine.
To support demand for consumer health products, Cardinal Health's new facility will be the central replenishment center for over-the-counter consumer health products.
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The rankings feature awards companies for their ESG efforts and supporting their local communities.
Under the new name Cencora, the company unifies its 46,000 employees – across several global business segments – under one identity.
The New York-based health care products distributor made acquisitions in Australia and Brazil.
The acquisition is expected to close in 2023's third quarter.
Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
It could take until the end of 2023 to complete, after which 3M will retain a 19.9% stake.
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