CAH - Cardinal Health to merge Outcomes business into TDS for minority stake

2023-06-05 13:46:22 ET

Cardinal Health ( NYSE: CAH ) said it plans to merge its Outcomes digital health solutions business into Transaction Data Systems, or TDS, in exchange for a minority stake in the combined company.

TDS is a provider of independent pharmacy management software. It's a portfolio company of private equity firms BlackRock LTPC and GTCR. Cardinal's chief executive officer for its pharmaceutical division, Debbie Weitzman, will join TDS's board as part of the deal.

Cardinal created Outcomes in 2021. The deal is expected to close in Q3, according to a Cardinal release.

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