UPDATE 1-Cardinal Health to buy private tech firm for $1.2 billion
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Jan 31 (Reuters) - Cardinal Health said on Wednesday it has agreed to buy private tech company Specialty Networks for $1.2 billion in cash to help the drug distributor expand its services in the specialty drug space.
Specialty Networks uses data analytics to help healthcare providers and insurers improve targeting of patients with conditions of the urinary tract, digestive system and rheumatology.
Cardinal expects the acquisition to expand its offering for patients with these conditions. (Reporting by Leroy Leo in Bengaluru; Editing by Shounak Dasgupta)
