M&A Deal Summary

Cardinal Health Acquires Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses

On April 18, 2017, Cardinal Health acquired medical products company Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses from Medtronic for 6.1B USD

Acquisition Highlights
  • This is Cardinal Health’s 15th transaction in the Medical Products sector.
  • This is Cardinal Health’s largest (disclosed) transaction.
  • This is Cardinal Health’s 36th transaction in the United States.

M&A Deal Summary

Date 2017-04-18
Target Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses
Sector Medical Products
Buyer(s) Cardinal Health
Sellers(s) Medtronic
Deal Type Divestiture
Deal Value 6.1B USD

Target

Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses

United States
Medtronic - Patient Care, Deep Vein Thrombosis & Nutritional Insufficiency Businesses encompass 23 product categories across multiple market settings, including numerous industry-leading brands, such as Curity, Kendall, Dover, Argyle and Kangaroo, which are used in nearly every U.S. hospital.

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Buyer(S) 1

Buyer

Cardinal Health

Dublin, Ohio, United States

website


Category Company
Founded 1979
Sector Distribution
Employees44,000
Revenue 181.4B USD (2022)
DESCRIPTION
Entrance to Cardinal Health's corporate headquarters in Dublin, Ohio.
Entrance to Cardinal Health's corporate headquarters in Dublin, Ohio.

Cardinal Health is a global distributor of healthcare products. Cardinal Health manufactures medical and surgical products and distributes pharmaceuticals and medical supplies worldwide. Cardinal Health was incorporated in 1979 and is based in Dublin, Ohio.


DEAL STATS #
Overall 39 of 40
Sector (Medical Products) 15 of 15
Type (Divestiture) 4 of 4
Country (United States) 36 of 37
Year (2017) 1 of 1
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-26 TelePharm

Iowa City, Iowa, United States

TelePharm provides a web-based platform to offer remote pharmacy services, such as approving prescriptions. TelePharm is based in Iowa City, Iowa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 Cardinal Health - China Business

China

Cardinal Health, Inc. - China Business includes Cardinal Health's pharmaceutical and medical products distribution business in China.

Sell $1.2B

Seller(S) 1

SELLER

Medtronic

Dublin, Ireland

website


Category Company
Founded 1949
Sector Medical Products
Employees95,000
Revenue 31.7B USD (2022)
DESCRIPTION
Medtronic's operational headquarters in Fridley, Minnesota.
Medtronic's operational headquarters in Fridley, Minnesota.

Medtronic is a global medical technology company whose products aim to alleviate pain, restore health, and extend life. Medtronic serves hospitals, physicians, clinicians, and patients in approximately 160 countries worldwide. Medtronic was founded in 1949 and is based in Dublin, Ireland with its operational headquarters in Fridley, Minnesota.


DEAL STATS #
Overall 3 of 4
Sector (Medical Products) 3 of 3
Type (Divestiture) 3 of 4
Country (United States) 3 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 HeartWare International

Framingham, Massachusetts, United States

HeartWare International, Inc. develops and manufactures miniaturized implantable heart pumps, or ventricular assist devices, to treat patients around the world suffering from advanced heart failure. Dedicated to developing new, minimally invasive technologies to revolutionize the treatment of patients with end-stage heart failure, HeartWare has multiple technologies in development to offer progressively less-invasive mechanical circulatory support options. HeartWare's corporate headquarters are located in Framingham, Massachusetts, and the company has technology, operations, manufacturing and distribution centers in Miami Lakes, Florida; Arden Hills, Minnesota; and Hannover, Germany.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Crospon

Carlsbad, California, United States

Crospon Ltd. is an endoscopic diagnostics company. Crospon minimally invasive medical devices transform the patient experience when it comes to swallow testing and deliver a whole new diagnostic tool set into the hands of gastroenterology professionals. Crospon Ltd. was established in 2006 and is based in Carlsbad, California.

Buy $45M