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Cardinal Health to acquire Integrated Oncology Network for $1.12B

By Yahoo! News / Reuters  
   September 23, 2024

Cardinal Health on Friday agreed to acquire community cancer center operator Integrated Oncology Network for $1.12 billion in cash, marking its expansion into cancer care. The Dublin, Ohio-based company is the latest to join the trend of healthcare service companies diversifying beyond drug distribution. Rival McKesson recently acquired a unit of Florida Cancer Specialists & Research Institute for $2.49 billion, while Cencora, in partnership with TPG Inc., purchased OneOncology for $2.1 billion in 2023. The deal gives Cardinal Health's cancer-focused unit Navista access to a network of more than 100 healthcare providers across 10 states in the U.S.

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