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Cardinal Health signs definitive agreement to sell its Cordis business to Hellman & Friedman


Cardinal Health signs definitive agreement to sell its Cordis business to Hellman & Friedman
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DUBLIN, Ohio, March 12, 2021 /PRNewswire/  Cardinal Health (NYSE: CAH) today announced that it has signed a definitive agreement to sell its Cordis business to Hellman & Friedman (H&F) for approximately $1 billion, which includes buyer s assumption of certain liabilities and seller s retention of certain working capital accounts. The transaction is expected to close in the first half of Cardinal Health s fiscal year 2022, subject to customary closing conditions and regulatory clearances.
Cordis has a long history of innovation in minimally-invasive cardiovascular technology, and we are confident that with H&F as its owner, Cordis will be well-positioned for growth, innovation and success, said Mike Kaufmann, CEO of Cardinal Health. Cardinal Health and H&F have a shared passion for delivering high-quality medical p ....

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