Cardinal Health has acquired Strive Medical, LLC for $360.0 million. This transaction sees Cardinal Health, a global integrated healthcare services and products company, expand its direct-to-patient offerings. Strive Medical is a nationwide medical supply provider committed to offering patients and healthcare professionals high-quality urological and wound care supplies, emphasizing exceptional service and a patient-first approach.
Strive Medical's mission centers on providing quality healthcare services through commitment and dedication, aiming to help patients achieve freedom and independence. The company offers dynamic services such as sample and reorder programs, hardship programs, and accepts Medicare, most state Medicaid plans, and hundreds of private insurance plans across the nation. Its team of skilled specialists partners with healthcare professionals to assist with each patient’s plan of care, ensuring comprehensive support beyond just supplying products.
The acquisition is strategically significant for Cardinal Health, allowing it to enhance its presence in the growing home healthcare market and strengthen its specialized medical supply chain. By integrating Strive Medical's focused expertise in urological and wound care supplies and its direct patient service model, Cardinal Health aims to broaden its portfolio and provide more comprehensive solutions to patients and healthcare providers. This move aligns with Cardinal Health's objective to deliver integrated healthcare services and products across the continuum of care.
Expected synergies include leveraging Cardinal Health's extensive distribution network and operational scale with Strive Medical's specialized patient support programs and product focus. This combination is anticipated to improve patient access to essential medical supplies, streamline service delivery, and create operational efficiencies. The combined entity is poised to enhance patient quality of life by offering an expanded range of high-quality supplies and dedicated support services within the specialized medical supply sector.