Business News: Cardinal Health To Acquire AssuraMed For $2 Billion

Started by MikeLigalig.com, February 18, 2013, 01:25:45 PM

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MikeLigalig.com

February 18, 2013, 01:25:45 PM
Cardinal Health To Acquire AssuraMed For $2 Billion

Cardinal Health, the nation's second-biggest drug wholesaler, on Thursday announced plans to buy privately held AssuraMed for just over $2 billion. AssuraMed is a direct-to-home medical supply distributor with about $1 billion in 2012 sales. Cardinal (CAH) said it will finance the deal with $1.3 billion in new senior unsecured notes and cash. The buyout is expected to close by early April. AssuraMed serves more than 1 million patients nationally

Source: Cardinal Health To Acquire AssuraMed For $2 Billion
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