Cardinal Health acquires Bendcare CPO-GPO and makes minority investment in Bendcare MSO

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

DUBLIN, OH, July 6, 2022 /PRNewswire/ — Cardinal Health (NYSE: CAH) announced today that it has acquired the Bendcare Group Purchasing Organization (CPO-GPO) and made a minority investment in the Bendcare Management Services Organization (MSO). Following the CPO-GPO acquisition, 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 those practices.

This acquisition demonstrates Cardinal Health’s strategy of prioritizing investments in strategic growth areas and expands distribution capabilities and technology solutions offerings for specialty practices. Financial terms of the deal 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 best-in-class distribution to support rheumatology providers so they can ultimately focus on achieving cost-effective outcomes and patient care.”

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

“Rheumatology providers and patients face a number of industry challenges,” said Andrew C. Ripps, CEO, Bendcare. “Cardinal Health is an industry leader in distribution and technology solutions. Our synergistic cultures, combined with our service and technology innovations and expertise, will fuel our ability to continue to lead the rheumatology space 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 US with strategically located distribution centers that enable fast and efficient delivery anywhere in the US. Through specialty solutions, Cardinal Health provides reliable distribution and advanced technology solutions to community practices nationwide with specialties in rheumatology, oncology, urology, nephrology, gastroenterology, ophthalmology, neurology, immunology and multispecialty infusion centers.

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 to care. Information about Cardinal Health is available at cardinalhealth.com.

About Bendcare

Bendcare, LLC (bendcare.com) provides services and technology solutions for specialty providers and patients on the go. Our company is creating Healthier healthcare™ by returning control to physicians and patients, improving quality and outcomes, leading to cost-effective care.

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

SOURCE Cardinal Health

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