Cardinal Health to Acquire Solaris Health

August 13, 2025

Cardinal Health has entered into a definitive agreement to acquire Solaris Health, a leading urology management services organization, from Lee Equity Partners and Solaris Health physician owners. The Specialty Alliance (Cardinal Health’s multi-specialty MSO platform) will add Solaris Health’s more than 750 providers and 250+ practice locations, with Cardinal Health funding the deal with approximately $1.9 billion in cash and new debt and owning about 75% of The Specialty Alliance post-close.

Buyers
Cardinal Health, The Specialty Alliance
Targets
Solaris Health
Sellers
Lee Equity Partners, Solaris Health physician owners
Platforms
The Specialty Alliance
Location
United States
Transaction Type
Buyout

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