Home Health & Hospice Week

Industry Note:

Cardinal Health Acquiring AssuraMed For $2 Billion

Cardinal Health is buying AssuraMed in a $2-billion acquisition deal aimed at expanding its home health business, reports the New York Times. AssuraMed is a medical supplier home-used supplies to treat diabetes, wounds, incontinence and more.

AssuraMed’s revenue for 2012 was $1 billion, serving more than one million patients and selling more than 30,000 different products, the Times states. The private equity firms Clayton, Dubilier & Rice and Goldman Sach’s GS Capital Partners currently own AssuraMed. The deal is expected to close in April.

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