Cardinal Health Mergers and Acquisitions Summary

DistributionCompany

Cardinal Health has acquired 42 companies, including 3 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 9 assets.

Cardinal Health’s largest acquisition to date was in 2017, when it acquired Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses for $6.1B. It’s largest disclosed sale occurred in 2007, when it sold Catalent to Aisling Capital for $3.3B. Cardinal Health has acquired in 19 different US states, and 4 countries. The Company’s most targeted sectors include medical products (39%) and distribution (21%).

Join Mergr and gain access to Cardinal Health’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the distribution sector.

M&A Summary

  • M&A Total Activity48
    • M&A Buy Activity39
    • M&A Sell Activity9
  • Total Sectors Invested 10
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 24
  • M&A Advisors 10

Cardinal Health

Cardinal Health, Inc.

7000 Cardinal Place,
Dublin, Ohio 43017
United States,
(614) 757-5000
www.cardinal.com

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 formed in 1979 and is based in Dublin, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 38 1 - - - - 39
vol $17.9B $6.1B $24.0B
Sell (0.6/yr) # 6 1 1 - - 1 9
vol $3.5B $1.2B $1.0B $5.7B
  48

Most Recent M&A

Company Date Value Type
Cardinal Health - Cordis Business 2021-03-12 1.0B USD Divestiture
Dublin, Ohio
NaviHealth, Inc. 2018-06-13 - Stake Purchase
Brentwood, Tennessee · www.navihealth.us
Cardinal Health, Inc. - China Business 2017-11-14 1.2B USD Divestiture
, China
Medtronic - Patient Care, Deep Vein Thrombosis & Nutritional Insufficiency Businesses 2017-04-18 6.1B USD Divestiture
, United States
TelePharm, LLC 2016-08-26 - Add-on Acquisition
Iowa City, Iowa · www.telepharm.com
RainTree Oncology Services 2016-03-11 - Add-on Acquisition
San Diego, California · www.raintreeanalytics.com
Cordis Corp. 2015-10-04 1.9B USD Divestiture
Fremont, California · www.cordis.com
NaviHealth, Inc. 2015-08-25 290M USD Add-on Acquisition
Brentwood, Tennessee · www.navihealth.us
OutcomesMTM 2015-07-16 - Add-on Acquisition
West Des Moines, Iowa · www.outcomesmtm.com
The Harvard Drug Group LLC 2015-06-05 1.2B USD Add-on Acquisition
Livonia, Michigan · www.theharvarddruggroup.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 15 (38%) 19.4B (81%) 3 (33%) 1.0B (18%)
Healthcare Services 7 (18%) 807M (3%) 3 (33%) 1.2B (21%)
Distribution 8 (21%) 3.5B (15%) - -
Life Science 3 (8%) - 2 (22%) 3.5B (61%)
Marketing 1 (3%) - 1 (11%) -
Business Services 1 (3%) - - -
Franchising 1 (3%) 348M (1%) - -
Information Technology 1 (3%) - - -
Internet Software and Services 1 (3%) - - -
Test/Measurement Equipment 1 (3%) - - -
Total 39 $24.0B 9 $5.7B

By Geo

State/Country Buy Value Sell Value
United States 36 22.4B 7 4.3B
  California 6 3.9B 1 -
  New York 3 1.3B - -
  Georgia 3 - - -
  Tennessee 2 290M 1 -
  Ohio 2 2.9B 1 1.0B
  Massachusetts 2 - 1 -
  Illinois 2 5.4B 1 -
  New Jersey 1 - 2 3.3B
  Iowa 2 - - -
  Texas 1 - - -
  New Mexico 1 - - -
  Missouri 1 348M - -
  Michigan 1 1.2B - -
  Maryland 1 517M - -
  Kansas 1 490M - -
  Florida 1 - - -
  Colorado 1 - - -
  Alabama 1 - - -
United Kingdom 1 - 1 154M
Canada 1 125M - -
  Ontario 1 125M - -
China - - 1 1.2B
France 1 1.5B - -
Domestic 36 (92%) 22.4B (93%) 7 (78%) 4.3B (76%)
Cross-border 3 (8%) 1.6B (7%) 2 (22%) 1.4B (24%)
Total 39 $24.0B 9 $5.7B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
2
Lazard Ltd.
1
J.P. Morgan Securities LLC
1
Legal Deals
Jones Day
3
Skadden, Arps, Slate, Meagher & Flom LLP
2
Jun He Law
1

Deal Values

buy # Total
> $1B 8 $21.0B
$100M to $1B 7 $3.0B
TOTAL $24.0B
Largest Medtronic - Patient Care, Deep Vein Thrombosis & Nutritional Insufficiency Businesses
$6.1B (2017-04-18)
sell # Total
> $1B 3 $5.5B
$100M to $1B 1 $154M
TOTAL $5.7B
Largest Catalent, Inc.
$3.3B (2007-01-25)

M&A Connections

Deals
Acquired from
Investor(s)
18%
7 (18%)
Strategic(s)
10%
4 (10%)
Divested to
Investor(s)
78%
7 (78%)
Strategic(s)
11%
1 (11%)

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