July 21, 2026- Cardinal Health announced it has entered into two definitive agreements that accelerate its at-Home Solutions’ growth strategy. Cardinal Health will acquire the Diabetes Health business of AdaptHealth Corp., and, in its entirety, Strive Medical, a multi-specialty supply provider with a focus on urology. Combined, the transactions total approximately $360 million in cash, subject to working capital adjustments.
Both agreements enhance the framework established by Cardinal Health’s most recent acquisition of Advanced Diabetes Supply (ADS). The company recently highlighted the progress of its at-Home Solutions business one year after its acquisition of ADS, including integration achievements that were realized ahead of plan. Since closing the original ADS transaction, the team successfully migrated all ADS volume onto the at-Home Solutions efficient and technology-enabled distribution network, onboarded nearly 500,000 new customers, and launched ContinuCare Pathway, a unique pharmacy-to-supplier digital referral pathway program.
Layering these transactions on top of previous investments in the at-Home Solutions business also expands the company’s ability to deliver high-quality service at scale. AdaptHealth’s Diabetes Health business, which serves more than 225,000 people annually, operates primarily as a centralized, mail-order, direct-to-patient model that delivers supplies like continuous glucose monitors to support the ongoing management of diabetes.
Strive Medical serves more than 20,000 people annually as one of the nation’s leading independent home medical supply providers specializing in urology, wound care, ostomy, and incontinence supplies, expanding Cardinal Health’s enterprise-wide capabilities in this critical therapeutic area. These transactions are subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals, and are expected to be accretive to non-GAAP earnings per share in the first 12 months following close.