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Cardinal Health to buy Medtronic units for $6.1 billion


REUTERS - U.S. drug distributor Cardinal Health Inc said on Tuesday it would buy medical device maker Medtronic Plc's medical supplies businesses for $6.1 billion in cash.Cardinal Health is acquiring Medtronic's patient care, deep vein thrombosis and nutritional insufficiency units.The businesses encompass 23 product categories across multiple market settings, including brands such as Curity, Kendall, Dover, Argyle and Kangaroo.Combined, the units generated about $2.4 billion in revenue in the last four reported quarters, Medtronic said.Cardinal Health's medical products unit has been a ...

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First Published: Tue, April 18 2017. 17:10 IST