AdaptHealth to Sell $600 Million Diabetes Business to Cardinal Health

3-line summary

• AdaptHealth is selling its roughly $600 million diabetes business to Cardinal Health and exiting certain e-commerce and drop-ship operations to focus on sleep, respiratory and home medical equipment.
• The company reported 16% second-quarter revenue growth, though its new West Coast capitated contract faced higher-than-expected service costs from utilization and hospital-ordering issues.

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