Cardinal Health to buy AssuraMed for about $2 B

Print
Email
|

Associated Press

Posted on February 14, 2013 at 11:01 AM

Updated Thursday, Feb 14 at 11:02 AM

DUBLIN, Ohio (AP) — Cardinal Health is spending about $2 billion to acquire the medical supplier AssuraMed toextend its reach to patients receiving care at home.

The Dublin, Ohio, company said Thursday that AssuraMed serves more than a million patients and generated sales of about $1 billion in 2012. It says the privately held company is a natural extension of its businesses.

Cardinal Health Inc. will pay $2.07 billion, or $1.94 billion not counting tax benefits it will receive from the deal. It will pay for the acquisition using $1.3 billion in new senior unsecured notes and cash.

Cardinal expects the deal to close in April.

Print
Email
|