Cardinal Health divests MedSystems
This article was originally published in The Gray Sheet
Executive Summary
Diversified healthcare supply firm Cardinal Health divests enteral device and surgical protection product maker MedSystems to private equity firm Linden LLC for undisclosed terms Sept. 2. Cardinal had acquired the business through its purchase of respiratory device firm Viasys in 2007 (1"The Gray Sheet" May 21, 2007, p. 7). MedSystems, which is being renamed Corpak MedSystems, "does not fit into the core focus of our clinical and medical products businesses," Cardinal explained. The Dublin, Ohio firm is also weighing a possible spin off of the $5.6 billion clinical and medical products unit (2"The Gray Sheet" Aug. 11, 2008, In Brief)
You may also be interested in...
Cardinal Builds Respiratory Franchise Through $1.5 Billion Viasys Purchase
Cardinal Health will gain ventilators to pair with its respiratory therapy consumable products through its $1.5 billion acquisition of Viasys Healthcare, announced May 14
Prestige Expands UK Eye Care Range In Response To Consumer Demand
A “great consumer response” to TheraTears in the UK leads Prestige Consumer Healthcare to add TheraTears 5-in-1 Irritation and Redness eye drops to the range.
Who’s Hired? Hikma Recruits New US Generics President
A flurry of top level recruitments made headlines in the past weeks, with the likes of Hikma, Lupin, and Viatris announcing new hires while focusing on their targets for the year.