Cardinal Health divests MedSystems
Diversified healthcare supply firm Cardinal Health divests enteral device and surgical protection product maker MedSystems to private equity firm Linden LLC for undisclosed terms Sept. 2. Cardinal had acquired the business through its purchase of respiratory device firm Viasys in 2007 (1"The Gray Sheet" May 21, 2007, p. 7). MedSystems, which is being renamed Corpak MedSystems, "does not fit into the core focus of our clinical and medical products businesses," Cardinal explained. The Dublin, Ohio firm is also weighing a possible spin off of the $5.6 billion clinical and medical products unit (2"The Gray Sheet" Aug. 11, 2008, In Brief)
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