Shares of Cardinal Health (CAH) rose 1.2% in Thursday's trading session. The healthcare company announced the acquisition of privately-held medical supplier AssuraMed.
The Deal
Cardinal Health announced that it has agreed to acquire AssuraMed, a leading provider of medical supplies to patients at home, in a deal valuing the company at $2.07 billion, or $1.94 billion excluding the present value of tax benefits.
With the acquisition, Cardinal expects to better serve the growing population of aging and chronically ill people who increasingly stay at home. The addition furthermore broadens the product portfolio and allows for better and more cost-effective solutions.
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