secwatch.observer — SEC 8-K summary
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Issuer:     CARDINAL HEALTH INC (CAH)
CIK:        0000721371
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001193125-24-255062
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardinal Health acquires 71% of GI Alliance for ~$2.8B and ADSG for ~$1.1B
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- Acquires 71% stake in GI Alliance (gastroenterology MSO) for ~$2.8B cash; remaining ~29% callable at fair value after 3 years.
- Acquires Advanced Diabetes Supply Group for ~$1.1B cash to merge with at-Home Solutions segment.
- Both deals expected to close early CY2025 and be accretive to revenue, segment profit, and non-GAAP EPS in first 12 months.
- Bridge loan facility of up to $2.9B from Bank of America to fund acquisitions; company plans to delever over 18-24 months.
- FY2025 share repurchase plans unchanged; Investor Day scheduled for June 12, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721371/000119312524255062/0001193125-24-255062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721371/000119312524255062/d894226d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-255062

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