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Cardinal Health falls after co to buy Solaris Health for $1.9 billion

ReutersAug 12, 2025 11:12 AM

** Shares of drug distributor Cardinal Health CAH.N down 6.4% at $147.65 premarket

** CAH says it will acquire Solaris Health for about $1.9 billion in cash to expand its specialty business

** Separately, co reports Q4 adj. profit of $2.08 per share, compared with analysts' estimates of $2.04 per share - data compiled by LSEG

** Posts Q4 revenue of $60.2 billion vs estimates of $60.8 billion

** CAH raises its 2026 profit per share forecast to a range of $9.30 to $9.50, from its prior range between $9.10 and $9.30

** Up to last close, stock up 33.3% YTD

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