Cardinal Health buys AdaptHealth's diabetes unit and Strive Medical for $360M to boost home care.

Cardinal Health announced acquisitions of AdaptHealth's Diabetes Health business and Strive Medical for about $360 million in cash. These deals expand Cardinal's at-Home Solutions, enhancing its capabilities in diabetes management and urology supplies. The acquisitions follow Cardinal's recent purchase of Advanced Diabetes Supply and aim to strengthen its leadership in home healthcare. The transactions are expected to be accretive to earnings within 12 months, pending regulatory approval.