Solaris Health Combines Forces with Cardinal Health

In August 2025, Cardinal Health announced its acquisition of Solaris Health, a leading urology management services organization (MSO), from Lee Equity Partners and Solaris Health physician owners. This transaction aims to bolster Cardinal Health's multi-specialty growth strategy through its platform, The Specialty Alliance, aiming to expand its influence in the urology therapeutic area. Having added over 750 providers and 250 practice locations from Solaris Health into its network across 14 states, this acquisition enhances Cardinal Health’s reach in medical specialty services. The acquisition aligns with Cardinal Health's ambition to enhance patient care through integrated and comprehensive service offerings. Cardinal Health owns approximately 75% of The Specialty Alliance following the Solaris Health acquisition. The acquisition maintains Cardinal Health's strategic focus on growth through leveraging incremental acquisitions and expanding leadership in specialty areas. Financial advisory is being provided by Goldman Sachs while Centerview Partners is advising Solaris Health. The financial structure involves $1.9 billion in cash, showcasing Cardinal Health's strategic capital deployment strategies for growth. The transaction is anticipated to close by late 2025 following regulatory approval, and is projected to positively impact Cardinal Health's earnings. This acquisition illustrates a continuation of strategic consolidation efforts within the healthcare management space, highlighting the ongoing attraction and resource alignment in managing specialty practices effectively.