M&A Deal Summary

Cardinal Health Acquires Allegiance

On February 3, 1999, Cardinal Health acquired medical products company Allegiance for 5.4B USD

Acquisition Highlights
  • This is Cardinal Health’s 1st transaction in the Medical Products sector.
  • This is Cardinal Health’s 2nd largest (disclosed) transaction.
  • This is Cardinal Health’s 6th transaction in the United States.
  • This is Cardinal Health’s 1st transaction in Illinois.

M&A Deal Summary
Date 1999-02-03
Target Allegiance
Sector Medical Products
Buyer(s) Cardinal Health
Deal Type Add-on Acquisition
Deal Value 5.4B USD
Advisor(s) Credit Suisse Investment Banking
Morgan Stanley (Financial)

Target

Allegiance

Deerfield, Illinois, United States
Allegiance Corp., a hospital supply company. Allegiance makes surgical instruments, rubber gloves and other operating room supplies.

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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 6 of 43
Sector (Medical Products) 1 of 15
Type (Add-on Acquisition) 6 of 38
State (Illinois) 1 of 2
Country (United States) 6 of 40
Year (1999) 1 of 3
Size (of disclosed) 2 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-09-22 Anesthesia Data Systems

Atlanta, Georgia, United States

Anesthesia Data Systems, Inc. (ADS) was a health care information technology company that provided an innovative system for capturing, processing and analyzing utilization, cost and outcomes data for surgical procedures.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-30 Herd Mundy Richardson

Stockport, United Kingdom

Herd Mundy Richardson Ltd. is a provider of analysis metered-dose and dry powder inhalers. Company offers other testing capabilities, such as stability testing, microbiological and pharmacopoeial testing and validation services.

Buy -
Mergr

Product

Company

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