Cardinal Divests Itself of a Device Business after a Year

Cardinal Health has sold off a unit of Viasys Healthcare just a little more than a year after acquiring that company, reports Triangle Business Journal of Raleigh-Durham-Chapel Hill, NC. The conglomerate, whose core business is drug and medical product distribution but which has bought several device companies in recent years, sold its Medsystems business to Linden LLC, a private equity firm, for an undisclosed sum.

September 3, 2008

1 Min Read
Cardinal Divests Itself of a Device Business after a Year

Medsystems, which will be renamed Corpak Medsystems Inc., makes enteral devices and airway management products. Cardinal said Medsystems did not fit into its future plans.Viasys, which Cardinal bought in June 2007 for $1.54 billion, was named as one of MD&DI's 50 Companies to Watch in 2006. It was recognized in part for its Cortrak feeding tube placement system, which won a Medical Design Excellence Award that year. That product is now in the portfolio of the new company.

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