Cardinal Health Agrees to Acquire AssuraMed for $2.07B
announced it has agreed to acquire medical supplies distributor AssuraMed for $2.07 billion and expectsthe deal to close by April.
The acquisition will add ostomy, diabetes, insulin therapy, urological, wound care and incontinence products to its inventory. Including business from AssuraMed's $150 million buyout in January of medical supplier Invacare, Cardinal Health said Assuramed posted $1 billion in 2012 revenue.
Cardinal previously lost its contract with Express Scripts Holding, and its agreements with Walgreen and CVS Caremark are due to expire this summer.
More Articles on Healthcare Mergers:Moody's: Record $20B of Non-Profit Healthcare Debt Downgraded in 2012
HMA Finalizes Joint Venture With Bayfront Health System in Florida
Sale of Scott County Hospital in Tennessee Delayed Until Feb. 28
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's Hospital Review