M&A TRANSACTION · 2025
Solaris Health acquired by Cardinal Health
$2.40B· 19.2x EBITDA· 1.60x revenue
Target
Solaris Health
Acquirer
Cardinal Health
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$1500.0M
EBITDA
$125.0M
Deal Value
$2.40B
EV/EBITDA
19.2x
Context
This $2.40B acquisition of Solaris Health by Cardinal Health sits in the medical practice specialty sub-vertical. The 19.2x EBITDA multiple paid in 2025 can be compared against the population median for medical practice specialty transactions of similar size on our Medical Practice Specialty valuation hub. Cardinal Health is acquiring as a strategic buyer; see how strategic acquirers typically price medical practice specialty businesses on our Medical Practice Specialty strategic buyer-pool page.
Source
Data sourced from Press release and earnings call. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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