Cardinal Health sells MedSystems to private equity firm
This article was originally published in Clinica
Cardinal Health has divested its enteral devices and surgical protection subsidiary MedSystems to healthcare and life sciences private equity firm Linden for an undisclosed fee. The subsidiary has been renamed Corpak MedSystems and will be headed by former MedSystems president Thomas Kuhn. Cardinal Health (Dublin, Ohio) said that despite MedSystems being a growing segment, it was not core to its clinical and medical products business. This deal sees Chicago, Illinois-based Linden gain a range of single-use feeding delivery devices and systems aimed towards serving hospital market. Cardinal Health originally gained the MedSystems business when it acquired respiratory care company Viasys Healthcare for $1.5bn in May last year (see Clinica No 1256, p 1).