DUBLIN, Ohio — Cardinal Health Inc. is acquiring a large portion of the hospital supplies business of Medtronic PLC for $6.1 billion in cash.
The purchase of Medtronic’s Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses gives Cardinal Health products in 23 categories, from catheters to tourniquet kits, and brands including Kendall, Dover, Argyle and Kangaroo found in nearly every hospital in the United States, Cardinal Health noted in announcing the deal.
“We are thrilled about today’s announcement, as this well-established product line is complementary to our medical consumables business and fits naturally into our customer offering. For this reason, this product portfolio has been on our radar for many years,” said George Barrett, Cardinal Health chairman and chief executive officer. “
We distribute some of these products today and have been collaborative partners with the leadership of this business. Given the current trends in health care — including aging demographics and a focus on post-acute care — this industry-leading portfolio will help us further expand our scope in the operating room, in long-term care facilities and in home health care, reaching customers across the entire continuum of care. We’re also looking forward to welcoming the more than 10,000 employees across these businesses who share our dedication to serving customers and their patients by providing high-quality products and services.”