M&A Deal Summary

Cardinal Health Acquires Integrated Oncology Network

On September 20, 2024, Cardinal Health acquired healthcare services company Integrated Oncology Network for 1.1B USD

Acquisition Highlights
  • This is Cardinal Health’s 8th transaction in the Healthcare Services sector.
  • This is Cardinal Health’s 10th largest (disclosed) transaction.
  • This is Cardinal Health’s 38th transaction in the United States.
  • This is Cardinal Health’s 3rd transaction in Tennessee.

M&A Deal Summary
Date 2024-09-20
Target Integrated Oncology Network
Sector Healthcare Services
Buyer(s) Cardinal Health
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Integrated Oncology Network

Nashville, Tennessee, United States
Integrated Oncology Network is an operator of physician management, radiation oncology management, and cancer center development company that partners with hospitals and physicians. ION provides expertise including strategic solutions, development, financing, and management services including radiation oncology operations, revenue cycle management, compliance, HR, IT, and accounting. Integrated Oncology Network was founded in 2008 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Cardinal Health

Dublin, Ohio, United States
Category Company
Founded 1979
Sector Distribution
Employees47,040
Revenue 205.0B USD (2023)
DESCRIPTION
Entrance to Cardinal Health's corporate headquarters in Dublin, Ohio.
Entrance to Cardinal Health's corporate headquarters in Dublin, Ohio.

Cardinal Health is a distributor of healthcare products. Cardinal Health manufactures medical and surgical products and distributes pharmaceuticals and medical supplies worldwide. Cardinal Health was founded in 1979 and is based in Dublin, Ohio.

DEAL STATS #
Overall 41 of 41
Sector (Healthcare Services) 8 of 8
Type (Add-on Acquisition) 36 of 36
State (Tennessee) 3 of 3
Country (United States) 38 of 38
Year (2024) 2 of 2
Size (of disclosed) 10 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Specialty Networks

Cleveland, Ohio, United States

Specialty Networks is a technology-enabled group purchasing organization (GPO) that serves independent specialty medical practices, pharmaceutical companies, and medical device companies. Specialty Networks’ service offerings include UroGPO, a urology-specific GPO and provider of educational programs for providers, PPS Analytics, a clinical and business intelligence company serving providers and industry partners, GastroGPO, a gastroenterology-specific GPO, United Rheumatology, a rheumatology-specific GPO, and SN Research, a decentralized clinical research platform. Specialty Networks was founded in 2018 and is headquartered in Cleveland, Ohio.

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