Court Square Capital Partners Announces Sale of Advanced Diabetes Supply Group
Cardinal Health (NYSE: CAH) has entered into a definitive agreement to acquire Advanced Diabetes Supply Group (ADSG), a national distributor of diabetes-related Durable Medical Equipment. ADSG, headquartered in Carlsbad, CA, serves approximately 500,000 patients through home delivery of diabetes products, including continuous glucose monitoring devices and testing supplies. The company will join Cardinal Health's at-Home Solutions business, which currently serves over 5 million patients annually. The acquisition is pending customary closing conditions and regulatory approvals.
Cardinal Health (NYSE: CAH) ha stipulato un accordo definitivo per acquisire Advanced Diabetes Supply Group (ADSG), un distributore nazionale di attrezzature mediche durevoli per il diabete. ADSG, con sede a Carlsbad, CA, serve circa 500.000 pazienti tramite la consegna a domicilio di prodotti per il diabete, tra cui dispositivi per il monitoraggio continuo della glicemia e forniture per test. L'azienda si unirà al business delle Soluzioni a Domicilio di Cardinal Health, che attualmente serve oltre 5 milioni di pazienti all'anno. L'acquisizione è soggetta alle consuete condizioni di chiusura e alle approvazioni regolatorie.
Cardinal Health (NYSE: CAH) ha entrado en un acuerdo definitivo para adquirir Advanced Diabetes Supply Group (ADSG), un distribuidor nacional de equipos médicos duraderos relacionados con la diabetes. ADSG, con sede en Carlsbad, CA, atiende aproximadamente a 500,000 pacientes a través de la entrega a domicilio de productos para la diabetes, incluyendo dispositivos de monitoreo continuo de glucosa y suministros para pruebas. La compañía se unirá al negocio de Soluciones a Domicilio de Cardinal Health, que actualmente atiende a más de 5 millones de pacientes anualmente. La adquisición está sujeta a las condiciones de cierre habituales y aprobaciones regulatorias.
카디널 헬스 (NYSE: CAH)는 당뇨 관련 내구성이 있는 의료 기기의 국가 유통업체인 고급 당뇨 공급 그룹 (ADSG) 인수를 위한 확정 계약을 체결했습니다. 캘리포니아주 칼즈배드에 본사를 둔 ADSG는 지속적인 혈당 모니터링 장치와 테스트 용품을 포함한 당뇨 제품을 가정으로 배송하여 약 500,000명의 환자에게 서비스를 제공합니다. 이 회사는 현재 연간 500만 명 이상의 환자에게 서비스를 제공하는 카디널 헬스의 가정 솔루션 비즈니스에 합류할 것입니다. 인수는 일반적인 종료 조건 및 규제 승인을 기다리고 있습니다.
Cardinal Health (NYSE: CAH) a conclu un accord définitif pour acquérir Advanced Diabetes Supply Group (ADSG), un distributeur national d'équipements médicaux durables liés au diabète. Avec son siège à Carlsbad, en Californie, ADSG sert environ 500 000 patients grâce à la livraison à domicile de produits liés au diabète, y compris des dispositifs de surveillance continue de la glycémie et des fournitures de test. L'entreprise rejoindra le secteur des Solutions à Domicile de Cardinal Health, qui sert actuellement plus de 5 millions de patients par an. L'acquisition est soumise aux conditions de clôture habituelles et aux approbations réglementaires.
Cardinal Health (NYSE: CAH) hat einen verbindlichen Vertrag zur Übernahme der Advanced Diabetes Supply Group (ADSG) unterzeichnet, einem nationalen Distributor für diabetesbezogene langlebige medizinische Geräte. ADSG mit Sitz in Carlsbad, CA, beliefert etwa 500.000 Patienten durch die Lieferung von Diabetes-Produkten nach Hause, einschließlich kontinuierlicher Glukoseüberwachungsgeräte und Testmaterialien. Das Unternehmen wird sich dem Geschäftsbereich „At-Home Solutions“ von Cardinal Health anschließen, der derzeit über 5 Millionen Patienten jährlich betreut. Die Akquisition steht unter dem Vorbehalt üblicher Abschlussbedingungen und behördlicher Genehmigungen.
- Expansion of Cardinal Health's at-Home Solutions business with 500,000 additional patients
- Strategic acquisition in the growing diabetes care market
- Integration with existing infrastructure serving 5 million patients
- None.
Insights
The acquisition of Advanced Diabetes Supply Group (ADSG) represents a strategic expansion of Cardinal Health's at-Home Solutions division. With ADSG serving approximately 500,000 patients and specializing in continuous glucose monitoring devices, this acquisition strengthens Cardinal Health's position in the growing diabetes care market.
The diabetes medical equipment market presents significant growth opportunities, driven by an aging population and increasing diabetes prevalence. ADSG's established infrastructure for home delivery and high-touch service model complements Cardinal Health's existing capabilities, potentially leading to operational synergies and expanded market reach. The integration with Cardinal's 5-million-patient at-Home Solutions business could drive economies of scale and enhance profitability.
This acquisition targets a important growth segment in healthcare delivery - home-based diabetes care. ADSG's specialization in CGM devices positions Cardinal Health advantageously in a market experiencing rapid technological advancement and increasing adoption. The deal enhances Cardinal's competitive position against other medical supply distributors in the lucrative diabetes care segment.
The timing is strategic, as the home healthcare market continues to expand post-pandemic. ADSG's direct-to-patient distribution model aligns with the broader healthcare trend toward home-based care delivery, which typically offers better cost efficiency and patient satisfaction compared to traditional care settings.
Cardinal Health to acquire Advanced Diabetes Supply Group
Headquartered in
Jeff Abramoff, Partner at Court Square, commented, “We are proud to have partnered with ADSG, its Founders, and Bill Mixon and the rest of the management team, to help the Company exceed its growth goals and enable better patient care for those with diabetes. We are excited for ADSG to move into its next chapter and continue to set the standard in the home delivery of diabetes products.”
“Court Square’s partnership helped ADSG significantly expand its reach and continue enhancing the ways in which it serves its patients,” said co-founders of ADSG, Mark Howard and Tim Cady. “Looking ahead, we are excited to be ushering in the next phase of ADSG’s growth where we will continue to improve the lives of those living with diabetes.”
Houlihan Lokey Capital, Inc. Robert W. Baird & Co, and MTS Health Partners, L.P served as financial advisors and Winston & Strawn LLP provided legal counsel to Court Square. The ADSG acquisition is expected to close subject to customary closing conditions, including the receipt of required regulatory approvals.
About the Advanced Diabetes Supply® Group
Founded in 2002, the Advanced Diabetes Supply Group (ADSG) is a leading national distributor of specialized diabetes supplies. ADSG is made up of the Advanced Diabetes Supply (ADS) and United States Medical Supply (US MED) brands, both of which share a vision to be one of the nation’s premier diabetes equipment suppliers. Visit www.northcoastmed.com and www.usmed.com for more information.
About Court Square Capital Partners
Court Square is a middle market private equity firm with over 40 years’ experience in the industry. Since 1979, Court Square has completed over 245 platform investments and is focused on helping Founders, Families, and Manager-owners to develop their companies into leaders in their respective markets. Court Square invests in companies that have compelling growth potential in the industrial, business services, healthcare, and tech and telecom sectors. As of June 2024, Court Square has
About Cardinal Health
Cardinal Health is a distributor of pharmaceuticals and specialty products; a global manufacturer and distributor of medical and laboratory products; a supplier of home-health and direct-to-patient products and services; an operator of nuclear pharmacies and manufacturing facilities; and a provider of performance and data solutions. The company’s customer-centric focus drives continuous improvement and leads to innovative solutions that improve people’s lives every day. Learn more about Cardinal Health at cardinalhealth.com and in its Newsroom.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112464242/en/
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Source: Court Square Capital Partners
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