Cardinal Health Acquires Bendcare CPO-GPO and Takes Minority Stake in Bendcare MSO

Strengthen Cornerstone Rheumatology™ GPO as a leading rheumatology-focused GPO by providing innovative solutions and robust access to specialty medications to more than 1,300 rheumatology providers nationwide.

DUBLIN, Ohio, July 6, 2022 /PRNewswire/ — Cardinal Health (NYSE:CAH) today announced that it has acquired group purchasing organization entity Bendcare (CPO-GPO) and made a minority investment in management services organization Bendcare ( OSM). Following the acquisition of the CPO-GPO, current CPO-GPO members affiliated with Bendcare will transition to Cardinal Health’s Cornerstone Rheumatology™ GPO, and Cardinal Health will be the exclusive distributor for these practices.

This acquisition demonstrates Cardinal Health’s strategy of prioritizing investments in strategic growth areas and expanding distribution opportunities and technology solution offerings for specialty practices. Financial terms of the transaction were not disclosed.

“Bendcare is a leader in providing real-world technology, specialty practice management and research solutions that empower physicians and patients in the specialty rheumatology market,” said Dan Duran, Senior Vice President and General Manager, Provider Solutions, Cardinal Health Specialty Solutions. “We are excited to combine their solutions with our industry-leading distribution to support rheumatology providers so they can ultimately focus on delivering cost-effective patient outcomes and care.

Combining the expertise and capabilities of Cardinal Health and Bendcare will create an integrated suite of clinical, practice management and distribution solutions to help support the success of rheumatology practices nationwide.

“Rheumatology providers and patients face a number of industry challenges,” said Andrew S. Ripps, CEO, Bendcare. “Cardinal Health is an industry leader in delivery and technology solutions. Our synergistic cultures, combined with our innovation and expertise in services and technology, will strengthen our ability to continue to lead in the field of rheumatology as we expand into other specialties and improve patient experience, care and value.”

Cardinal Health has one of the largest healthcare supply chains in the United States with strategically located distribution centers that enable fast and efficient delivery anywhere in the United States. Through specialty solutions, Cardinal Health provides reliable distribution and advanced technology solutions to community practices across the country with specialties in rheumatology, oncology, urology, nephrology, gastroenterology, ophthalmology, neurology, immunology and multi-infusion centers. specialties.

About Cardinal Health

Cardinal Health is a pharmaceutical distributor, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for healthcare facilities. With 50 years in business, operations in more than 30 countries and approximately 44,000 employees worldwide, Cardinal Health is essential for care. Information about Cardinal Health is available at cardinalhealth.com.

About BendCare

Bendcare, LLC (bendcare.com) provides technology services and solutions to specialty providers and traveling patients. Our company creates Healthier Healthcare™ by putting doctors and patients back in control, improving quality and outcomes, resulting in cost-effective care.

contacts
Media: Victor Scott, [email protected] and (614) 783-2408
Investors: Kevin Moran, [email protected] and (614) 757-7942

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