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

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 Gastrologix

November 4, 2022

Healthcare Services

Specialty Networks, a portfolio company of Linden Capital Partners, has acquired Gastrologix, a gastroenterology-focused group purchasing organization (GPO) with more than 470 practice locations and roughly 2,300 providers in its network. The acquisition will integrate Gastrologix into Specialty Networks' real-world data, technology, and tech-enabled services to deliver clinical and economic value to independent GI practices and industry partners.

Cardinal Health Acquires Integrated Oncology Network for $1.115B

September 20, 2024

Healthcare Services

Cardinal Health has entered into a definitive agreement to acquire Integrated Oncology Network (ION) for $1.115 billion in cash. The acquisition adds more than 50 community-based practice sites and 100+ providers to Cardinal's Navista oncology practice alliance and expands the company's specialty oncology capabilities and practice management offerings.

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.

ScionHealth Acquires Cornerstone Healthcare Group

May 12, 2022

Healthcare Services

ScionHealth announced a definitive agreement to acquire Cornerstone Healthcare Group, expanding ScionHealth's national network of long-term acute care hospitals, community hospitals, and physician practices. The deal (expected to close in H2 2022 subject to regulatory approvals) excludes Cornerstone Specialty Hospitals Clear Lake and Cornerstone Specialty Hospitals Houston Medical Center.

Linden Capital Partners Acquires LifeStyles Healthcare

December 1, 2022

Consumer Products

Linden Capital Partners has acquired LifeStyles Healthcare, a global sexual health and wellness platform, from a consortium of investors including Trustar Capital and Humanwell Healthcare. The deal excludes LifeStyles' Chinese operations (including the Jissbon brand), which will be retained by the selling shareholders; Linden has named Laurent Faracci as incoming CEO and Ron Fugate as Chairman to drive commercial, brand, and innovation-led growth.