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Cardinal Health Sells its Cordis Cardiology Business to Hellman & Friedman

Cardinal Health Sells its Cordis Cardiology Business to Hellman & Friedman
Investment company hopes to create technology accelerator to speed bringing new innovations to market
March 12, 2021 Cardinal Health today announced that it is selling its Cordis cardiology and endovascular business to Hellman & Friedman (H&F) for approximately $1 billion.
Hellman & Friedman is a global private equity firm with investments in high-quality growth businesses. It is partnering in the transaction with Ajax Health and Zeus Health to build the Cordis business. Ajax identifies and supports scaling up disruptive technologies in the healthcare space. Zeus Health is a platform focused on investing in and operating a portfolio of emerging medical technology companies. ....

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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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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
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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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
apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.

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