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Cardinal Health Inc To Acquire AssuraMed


Thursday, 14 Feb 2013 07:15am EST 

Cardinal Health Inc announced plans to acquire privately held AssuraMed, provider of medical supplies to patients in the home, for $2.07 billion, or $1.94 billion, net of the present value of tax benefits. The acquisition will be financed with a combination of $1.3 billion in new senior unsecured notes and the remainder in cash. The transaction is expected to close by early April 2013. After the transaction is complete, Cardinal Health will supply the home health care channel with product lines including ostomy, diabetes, insulin therapy, urological, wound care and incontinence. 

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