(Reuters) -Cardinal Health on Friday agreed to acquire Integrated Oncology Network, an independent community oncology network, for $1.12 billion in cash.
ION operates more than 50 practice sites across 10 states, representing over 100 healthcare providers, offering cancer and urology care, diagnostic testing, and other ancillary services.
As part of the deal, ION practices will join Navista, Cardinal Health’s oncology practice alliance.
Cardinal Health expects the transaction to be accretive to its profit 12 months after closing the deal.
(Reporting by Sneha S K; Editing by Anil D’Silva and Tasim Zahid)
