Cardinal Health acquires Strive Medical for $125M
What's the deal? Cardinal HealthDealroom has a profile for this one. Try Dealroom → has agreed to acquire Strive MedicalDealroom has a profile for this one. Try Dealroom →, a multi-specialty supplier focused on urology, for an implied $125 million in cash. The deal is one of two acquisitions the drug distributor unveiled to expand its at-home care business, alongside the $235 million purchase of the diabetes supply unit of AdaptHealth — a combined $360 million outlay.
What Strive does: Strive serves more than 20,000 customers annually across urology, wound care, ostomy and incontinence supplies, delivering products directly to patients at home.
Why now? Care is increasingly delivered in the home, and Cardinal's at-home solutions unit has been a financial boon. The segment contributed $1.7 billion in revenue in the company's most recent third quarter and helped grow business-unit profit 34% year over year, prompting Cardinal to raise guidance for the segment.
The signal: Cardinal is doubling down on home-delivered medical supplies through a string of deals — building on its $1.1 billion purchase of Advanced Diabetes SupplyDealroom has a profile for this one. Try Dealroom → and its August 2025 buy of urology group Solaris HealthDealroom has a profile for this one. Try Dealroom →. The moves reflect a broader industry shift toward delivering care outside hospitals and clinics. Cardinal expects both new deals to be accretive to earnings within a year of closing.
Read more: Healthcare Dive
