Deal Details

Specialty Networks Is Acquired by Cardinal

Healthcare

Specialty Networks, a portfolio company of Linden, sale to Cardinal

Summary

Specialty Networks, LLC (“Specialty Networks” or the “Company”), a portfolio company of Linden Capital Partners (“Linden”), has been acquired by Cardinal Health, Inc. (“Cardinal”) (NYSE: CAH) for $1.2 billion.

Baird served as exclusive financial advisor to Specialty Networks on this transaction.

About

Specialty Networks, LLC is an integrated multi-specialty platform with GPOs, life sciences and research solutions in urology, gastroenterology and rheumatology. The Company’s solutions include AI-enabled population health management, patient engagement, clinical research and workflow automation technologies to achieve center of excellence status in standards of care, clinical research, practice operations and value-based care. Specialty Networks leverages the power of its network, represented by over 11,000 providers, to help independent physician practices, industry, wholesalers/distributors, payers and policymakers improve patient outcomes. Specialty Networks is headquartered in Cleveland, Ohio.

Linden Capital Partners is a private equity firm focused exclusively on the healthcare industry. Founded in 2004, Linden is one of the country’s largest dedicated healthcare private equity firms. Linden invests in middle market platforms in the medical products, specialty distribution, pharmaceutical and services segments of healthcare. Since its founding, Linden has invested in over 40 healthcare companies encompassing over 250+ total transactions. The firm manages approximately $8 billion of regulatory assets under management. Linden is headquartered in Chicago, Illinois.

Cardinal Health, Inc. is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products and a provider of performance and data solutions for healthcare facilities. With more than 50 years in business, operations in more than 30 countries and approximately 48,000 employees globally, Cardinal is essential to care. Cardinal is headquartered in Dublin, Ohio.

Healthcare

Specialty Networks, a portfolio company of Linden, sale to Cardinal