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Cardinal Health (NYSE: CAH), Dublin, OH, has completed the sale its Cardinal Health China business to Shanghai Pharmaceuticals Holding Co, Ltd. for $1.2 billion. The sale was announced in November.
The sale includes Cardinal Health's pharmaceutical and medical products distribution business in China. The divestiture does not include Cardinal Health's remaining businesses in China, including Cordis, its recently acquired Patient Recovery business, its medical sourcing team or other functions.