Cardinal Health (Dublin, OH) will acquire a 71 percent share of naviHealth (Brentwood, TN) for approximately $290 million. naviHealth is a privately held company that partners with health plans, health systems, and providers to manage the post-acute segment of the care continuum. naviHealth’s executive management team will continue to lead the naviHealth business. naviHealth’s principal investor, Welsh, Carson, Anderson & Stowe (New York, NY), along with management, will continue to have an ownership interest in the business. However, Cardinal stated in a release that it intends to acquire the entire business within four years, in accordance with a series of call/put rights during that period of time. Cardinal expects the transaction to close later this week.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.