Cardinal Health to buy AssuraMed for about $2 B

February 14th, 2013 in Technology / Business

(AP)—Cardinal Health is spending about $2 billion to acquire the medical supplier AssuraMed to extend its reach to patients receiving care at home.

The Dublin, Ohio, company said Thursday that AssuraMed serves more than a million patients and generated sales of about $1 billion in 2012. It says the privately held company is a natural extension of its businesses.

Cardinal Inc. will pay $2.07 billion, or $1.94 billion not counting tax benefits it will receive from the deal. It will pay for the acquisition using $1.3 billion in new senior unsecured notes and cash.

Cardinal expects the deal to close in April.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

"Cardinal Health to buy AssuraMed for about $2 B." February 14th, 2013. http://phys.org/news/2013-02-cardinal-health-assuramed.html