Morning Briefing
Summaries of health policy coverage from major news organizations
Cardinal Health Lays Out $6.1B To Acquire Medtronic Supplies Business
The drug and medical products distributor Cardinal Health plans to acquire Medtronic's medical supplies business for $6.1 billion, the company announced on Tuesday. The cash deal would give the Dublin, Ohio-based company access to Medtronic's 23 product categories in its patient care, deep vein thrombosis and nutritional insufficiency business, which "are used in nearly every U.S. hospital," Cardinal said. (Kacik, 4/18)
Cardinal Health Inc. struck a deal to buy part of Medtronic PLC's patient monitoring and recovery unit for $6.1 billion, bringing businesses under Cardinal鈥檚 roof that it has sought for years but also boosting its debt load. Cardinal said it would fund the acquisition with $4.5 billion in new debt plus existing cash. (Steele and Walker, 4/18)
Cardinal Health has made an anticipated deal to buy three medical-supply units from Medtronic for $6.1 billion. It is one of Cardinal鈥檚 biggest medical-products acquisitions. (Rose, 4/18)
