Specialty Networks Acquires Gastrologix

Cardinal Health Acquires Specialty Networks from Linden Capital for $1.2B

January 31, 2024

Healthcare Services

Cardinal Health has entered into a definitive agreement to acquire Specialty Networks, a technology-enabled multi-specialty group purchasing and practice enhancement organization, from Linden Capital Partners for $1.2 billion in cash. The deal adds Specialty Networks' GPOs, PPS Analytics platform and life-sciences/research capabilities to Cardinal Health's Specialty business to accelerate capability expansion across urology, gastroenterology and rheumatology.

Linden Capital Partners Acquires Majority Stake in Specialty Networks

December 15, 2020

Healthcare Services

Linden Capital Partners, a Chicago-based healthcare private equity firm, made a majority investment in Specialty Networks, LLC alongside current shareholders including Nautic Partners and management. The investment will provide Specialty Networks — a Rocky River, Ohio-based provider of a urology-focused GPO, analytics, and consulting services — with capital and resources to expand its services and capabilities for community-based urology practices and industry partners.

Specialty Networks Acquires United Rheumatology

April 14, 2022

Healthcare Services

Specialty Networks, a portfolio company of Linden Capital Partners, has acquired United Rheumatology, an exclusive rheumatology group purchasing organization and real-world evidence data & analytics provider. The acquisition expands Specialty Networks' specialty portfolio and capabilities, adding United Rheumatology's network of 635 active independent rheumatology providers and complementary services for practices and life-science clients.

Pandion Optimization Alliance Acquires GroupSource GPO

July 12, 2022

Healthcare Services

Pandion Optimization Alliance has acquired GroupSource GPO, a Midwest-focused group purchasing organization specializing in ambulatory care, physicians' offices and colleges. The acquisition adds GroupSource's 10,000+ membership base and is expected to inorganically add more than $350 million in sales volume to Pandion's portfolio, supporting Pandion's goal to exceed $1 billion in GPO volume.

Pandion Optimization Alliance Acquires New Source GPO

July 8, 2021

Healthcare Services

Pandion Optimization Alliance has acquired Atlanta-based New Source GPO, bringing New Source’s 12,000+ member base and specialty focus on ambulatory surgery centers and physician offices into the Pandion portfolio. The deal is expected to add over $100 million in sales volume and expand Pandion’s capabilities and membership in the ambulatory care market.

United Digestive Acquires Gastroenterology Group of Naples and Gulfshore Endoscopy Center

February 15, 2023

Healthcare Services

United Digestive, a physician practice management organization based in Atlanta, announced the acquisition/partnership with Gastroenterology Group of Naples (GGN) and Gulfshore Endoscopy Center (GEC) in Naples, Florida. The deal expands United Digestive’s presence in southwest Florida and adds a GI physician practice and an affiliated endoscopy center to its platform.