Cardinal Health Agrees to Buy Strive Medical, Adapthealth's Mail-order Diabetes Business for $360M

Dow Jones07-21

Cardinal Health has agreed to acquire AdaptHealth's diabetes health business, as well as the entirety of Strive Medical, for about $360 million in cash.

Cardinal Health said the deals will accelerate its at-home solutions growth strategy.

AdaptHealth's diabetes health business serves more than 225,000 people annually with mail-order, direct-to-patient supply delivery for managing diabetes. Strive Medical serves more than 20,000 people annually, and Cardinal Health bills it as one of the leading independent home medical supply providers specializing in urology.

"These strategic transactions build on the synergies created by our recent investments in home care," said Cardinal Health Chief Executive Jason Hollar.

Both deals are subject to regulatory approvals.

Cardinal Health's acquisitions last year include GI Alliance, Advanced Diabetes Supply Group, Urology America and Solaris Health.

Write to Grace Yoon at grace.yoon@wsj.com

(END) Dow Jones Newswires

July 20, 2026 17:08 ET (21:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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