Cardinal Health Agrees to Acquire AssuraMed for $2.07B

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Dublin, Ohio-based drug supplier Cardinal Health 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

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