M&A Deal Summary

Cardinal Health Acquires AccessClosure

On May 12, 2014, Cardinal Health acquired medical products company AccessClosure from Integral Capital Partners and Three Arch Partners for 320M USD

Acquisition Highlights
  • This is Cardinal Health’s 13th transaction in the Medical Products sector.
  • This is Cardinal Health’s 17th largest (disclosed) transaction.
  • This is Cardinal Health’s 28th transaction in the United States.
  • This is Cardinal Health’s 4th transaction in California.

M&A Deal Summary
Date 2014-05-12
Target AccessClosure
Sector Medical Products
Buyer(s) Cardinal Health
Sellers(s) Integral Capital Partners
Three Arch Partners
Deal Type Add-on Acquisition
Deal Value 320M USD

Target

AccessClosure

Santa Clara, California, United States
AccessClosure, Inc. is a medical device company that is pioneering innovative access site management products designed to address the complex challenge of vascular closure during interventional and diagnostic procedures.

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Buyer(S) 1

Buyer

Cardinal Health

Dublin, Ohio, United States
Category Company
Founded 1979
Sector Distribution
Employees47,040
Revenue 205.0B USD (2023)
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 distributor of healthcare products. Cardinal Health manufactures medical and surgical products and distributes pharmaceuticals and medical supplies worldwide. Cardinal Health was founded in 1979 and is based in Dublin, Ohio.

DEAL STATS #
Overall 31 of 43
Sector (Medical Products) 13 of 15
Type (Add-on Acquisition) 28 of 38
State (California) 4 of 6
Country (United States) 28 of 40
Year (2014) 3 of 3
Size (of disclosed) 17 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Sonexus Health

Lewisville, Texas, United States

Sonexus Health LLC, provides a broad range of patient access and specialty commercialization services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-22 Metro Medical Supply

Nashville, Tennessee, United States

Metro Medical Supply, Inc. is a specialty pharmaceutical distributor. Metro Medical is based in Nashville, Tennessee.

Buy -

Seller(S) 2

SELLER

Integral Capital Partners

Menlo Park, California, United States

Investor

Category Venture Capital Firm
Founded 1991
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Integral Capital Partners operates as a group of partnerships that invests in expansion-stage private and growth-stage public companies in the information and life sciences industries. Within information sciences, Integral focuses on communications-centric computing, real-time computing, and mobility. Within life sciences, Integral targets companies that deal in emerging medical technologies and healthcare information systems. The Firm operates in partnership with the venture capital firm Kleiner Perkins Caufield and Byers, which incubated the Firm in 1991, as well as private equity firm Silver Lake Partners. Integral Capital Partners is based in Menlo Park, California.

DEAL STATS #
Overall 62 of 67
Sector (Medical Products) 5 of 5
Type (Add-on Acquisition) 42 of 45
State (California) 44 of 48
Country (United States) 61 of 66
Year (2014) 2 of 4
Size (of disclosed) 11 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-10 Serena

Redwood City, California, United States

Serena is a provider of enterprise application lifecycle management software. Serena is one of the largest independent ALM vendors and the only one that orchestrates DevOps, the processes that bring together application development and operations. Serena was formed in 1980 and is based in Redwood City, California.

Sell $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-17 CareDx

South San Francisco, California, United States

CareDx is a molecular diagnostics company that applies modern genomics technologies to the development of molecular diagnostic assays that translate a patient's immune status into clinically actionable information. CareDx was founded in 1998 and is based in South San Francisco, California.

Sell -
SELLER

Three Arch Partners

San Mateo, California, United States
Category Private Equity Firm
Founded 1993
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Three Arch Partners is an investor in healthcare companies, including medical devices, diagnostics, and healthcare services. Three Arch primarily invests in early stage companies, however the Firm will consider select later stage investments. Three Arch typically invests alongside others and looks to commit $100k to $15 million per investment. Three Arch Partners was formed in 1993 and is based in San Mateo, California.

DEAL STATS #
Overall 19 of 24
Sector (Medical Products) 12 of 14
Type (Add-on Acquisition) 13 of 16
State (California) 15 of 17
Country (United States) 19 of 24
Year (2014) 3 of 5
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 Habit OPCO

Boston, Massachusetts, United States

Habit Opco is an accredited healthcare organizations in New England providing multi-disciplinary treatment services on an outpatient basis to individuals addicted to drugs enabling them to function normally in society. Habit provides comprehensive services to individuals addicted to opiates and currently operates 12 sited programs and two mobile van units. Habit OPCO was founded in 1986 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Nevro

Redwood City, California, United States

Nevro is a medical device company focused on providing innovative products that improve the quality of life of patients suffering from debilitating chronic pain. Nevro was founded in 2006 and is based in Redwood City, California.

Sell -
Mergr

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