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CareFusion’s spin-off from Cardinal Health set for mid-year

This article was originally published in The Gray Sheet

Executive Summary

Cardinal Health will spin off its clinical and medical products businesses - representing $4 billion in annual sales - by mid-year, according to the company. Given the name "CareFusion" on Feb. 16, the spin-off entity will include Alaris infusion pumps, Avea respirators, Pyxis medication dispensing systems, the MedMined electronic infection surveillance service, and ChloraPrep skin preparation products. The new firm will be based in San Diego, have 13,000 employes, and is expected to trade on the New York Stock Exchange under the symbol "CFN." The spin-off has been in the works since last summer (1"The Gray Sheet" Aug. 11, 2008, In Brief)
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