This release reflects management's views as of April 18, 2017. There are 808 companies in the Aero-Med, Ltd. corporate family. "We are extremely excited about welcoming our new colleagues from around the world to Cardinal Health.". February 14, 2013 11:50 am.

DUBLIN, Ohio, April 18, 2017 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today announced that it has entered into a definitive agreement to acquire Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1 billion in cash. © 2020 PitchBook Data. All rights reserved. The company provides clinically-proven medical products and pharmaceuticals and cost-effective solutions that enhance supply chain efficiency. Cardinal Health offerings of protective face shields help meet all your needs. Please note that the unavailable reconciling items could significantly impact Cardinal Health's future financial results. Aero-Med, Ltd. is located in Glastonbury, CT, United States and is part of the Medical Equipment & Supply Wholesalers Industry. The company also previously announced that it expects the acquisition to be accretive to non-GAAP¹ diluted earnings per share from continuing operations by more than $0.21 per share in fiscal 2018, net of incremental annual financing-related interest expense, and includes up to $100 million of inventory step-up costs during the first few quarters following closing.

Non-GAAP financial measures (including footnote).

"We are extremely excited about welcoming our new colleagues from around the world to Cardinal Health.". Find a Doctor; Leadership; Make a Donation; Spectrum Health Medical Group; Volunteer With Us; Healthier Communities; Average Prices ; Classes and Events; Spectrum Health for Employers; Research and … Cardinal Health is subject to additional risks and uncertainties described in Cardinal Health's Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports. 866.989.7999. This is Cardinal Health’s 4th transaction in the Medical Products sector. By the end of fiscal 2020, the company assumes synergies will exceed $150 million. To explore Aero-Med‘s full profile, request access. Cardinal Health Inc. is a global, integrated healthcare services and products company, providing customized solutions for hospital systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices worldwide. Cardinal Health is subject to additional risks and uncertainties described in Cardinal Health's Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports. DUBLIN, Ohio, July 30, 2017 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today announced that it has completed the acquisition of Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency business for $6.1 billion. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. These leading products perfectly complement Cardinal Health's position in a value-based world, bringing additional reach and breadth that build on our existing strengths.". Backed by nearly 100 years of experience, with more than 40,000 employees in nearly 60 countries, Cardinal Health ranks among the top 25 on the Fortune 500. Choices suited for the job at hand.

Integration efforts are off to a successful start and it is expected that all integration work and transitions will be completed over the next 18 months. Cardinal Health Inc. is a global, integrated healthcare services and products company, providing customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices worldwide. Cardinal Health presents non-GAAP diluted earnings per share from continuing operations on a forward-looking basis.

AeroMed environmental infection control products are used by healthcare facilities and clinical researchers around the world.

February 14, 2013 11:50 am. Terms of use. You can contact us here. To view Aero-Med’s complete executive team members history, request access ».

Cardinal Health will host a webcast and a conference call today at 8:30 a.m. Eastern to discuss both of today's announcements.

We know these products and many of the employees well, and have seen that our team members share a common commitment to quality, customer service and the patients who we all ultimately serve," said George Barrett, chairman and CEO of Cardinal Health.

The call also can be accessed by dialing 913-312-1502, passcode #2495375.

The company expects the acquisition to be accretive to non-GAAP diluted earnings per share by more than $0.55 per share in fiscal 2019, and increasingly accretive thereafter. The BreathScan OxiChek works with Aker’s Bluetooth enabled BreathScan Lync reading device which allows monitoring via mobile devices. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is... IPSX's Roger Clarke speaks to Proactive London's Katie Pilbeam about their regulated British commercial property exchange - the first of its kind in the world. All rights reserved. With thousands of products to choose from, you can find cost savings for each of your lab departments without compromising quality. Please call customer service for assistance: 1-800-766-7000. Footnote (1) Expected accretion to non-GAAP diluted earnings per share from continuing operations reflects: (A) earnings from continuing operations, excluding (1) LIFO charges/(credits), (2) restructuring and employee severance, (3) amortization and acquisition-related costs, (4) impairments and (gain)/loss on disposal of assets, (5) litigation (recoveries)/charges, net, and (6) loss on extinguishment of debt, each net of tax, (B) divided by diluted weighted average shares outstanding. Provider of medical products. Except to the extent required by applicable law, Cardinal Health undertakes no obligation to update or revise any forward-looking statement.

The most directly comparable forward-looking GAAP measure is diluted earnings per share from continuing operations. The acquisition was funded with a combination of $4.5 billion in new senior unsecured notes, existing cash and borrowings under our existing credit arrangements. Given the current trends in healthcare, including aging demographics and a focus on post-acute care, this industry-leading portfolio will help us further expand our scope in the operating room, in long-term care facilities and in home healthcare, reaching customers across the entire continuum of care. Cardinal Health has responded by expanding our line of Cardinal Health brand laboratory products – products designed with our laboratory customers in mind.

Cautions Concerning Forward-Looking Statements. Goldman, Sachs & Co. and Perella Weinberg Partners LP served as Cardinal Health's financial advisors on this transaction, and Skadden, Arps, Slate, Meagher & Flom LLP and Jones Day served as its legal advisors. We know these products and many of the employees well, and have seen that our team members share a common commitment to quality, customer service and the patients who we all ultimately serve," said George Barrett, chairman and CEO of Cardinal Health. The Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency business encompasses 23 product categories across multiple market sites of care, including numerous industry-leading brands, such as Curity, Kendall, Dover, Argyle and Kangaroo – brands used in nearly every U.S. hospital. The Cardinal Health™ Protective Eyewear Systems Includes both Eyewear and Shields. The Company is a publisher. Visit cardinalhealth.com for more information about Cardinal Health, http://www.prnewswire.com/news-releases/cardinal-health-to-acquire-leading-patient-product-portfolio-from-medtronic-for-61-billion-300440786.html. The deal is with Aero-Med, a division of American Fortune 500 healthcare services group Cardinal Health, and a roll-out will start with a team focussing on the New England region of the United States. In a 1997 competition between Cardinal Health and McKesson Corporation, Cardinal Health planned to purchase Bergen, to which McKesson responded with a bid to purchase Amerisource. The most directly comparable forward-looking GAAP measure is diluted earnings per share from continuing operations. Total revenues for the businesses were $2.3 billion for the 12 months ending October 2016 with more than 70 percent of total sales in the U.S. Cardinal Health expects the acquisition to be accretive to non-GAAP1 diluted earnings per share from continuing operations by more than $0.21 per share in fiscal 2018, which includes approximately $100 million of inventory step-up costs during the first few quarters following closing. The deal is with Aero-Med, a division of American Fortune 500 healthcare services group Cardinal Health, and a roll-out will start with a team focussing on the New England region of the United States.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Cardinal Health is unable to provide a quantitative reconciliation of this forward-looking non-GAAP measure to the most directly comparable forward-looking GAAP measure, because Cardinal Health cannot reliably forecast LIFO charges/(credits), restructuring and employee severance, amortization and acquisition-related costs (which Cardinal Health expects to increase significantly as a result of the acquisition of the Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses), impairments and (gain)/loss on disposal of assets and litigation (recoveries)/charges, net, which are difficult to predict and estimate. Cardinal Health 7000 Cardinal Place Dublin, OH 43017 | 614.757.5000 Footnote (1) Expected accretion to non-GAAP diluted earnings per share from continuing operations reflects: (A) earnings from continuing operations, excluding (1) LIFO charges/(credits), (2) restructuring and employee severance, (3) amortization and acquisition-related costs, (4) impairments and (gain)/loss on disposal of assets, (5) litigation (recoveries)/charges, net, and (6) loss on extinguishment of debt, each net of tax, (B) divided by diluted weighted average shares outstanding. DUBLIN, Ohio, April 18, 2017 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today announced that it has entered into a definitive agreement to acquire Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1 billion in cash. These items could cause earnings per share and the accretion to earnings per share to differ materially from the company's non-GAAP expectations.

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