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Cardinal Health Inc. (NYSE: CAH), Dublin, OH, has agreed to acquire privately-held AssuraMed, Twinsburg, OH, a provider of medical supplies to patients in the home, for $2.07 billion.
"This is a platform opportunity for Cardinal Health products and services which will be increasingly important as the delivery of care migrates to more cost-effective settings," said George Barrett, chairman and chief executive officer of Cardinal Health.
With annual sales in calendar year 2012 of $1 billion, AssuraMed serves more than 1 million patients nationally with more than 30,000 products. The company operates through two separate businesses – Independence Medical and Edgepark Medical Supplies.
AssuraMed's expertise in products for specific disease categories and small parcel logistics will significantly enhance Cardinal Health's ability to service customers across the broad ambulatory care channel, including care sites such as physician offices and in support of home health agencies.