Add-on Acquisition • Distribution

Cardinal Health Acquires Futuremed Healthcare Products

On February 16, 2012, Cardinal Health acquired distribution company Futuremed Healthcare Products for 165M CAD

Acquisition Context
  • This is Cardinal Health’s 5th transaction in the Distribution sector.
  • This is Cardinal Health’s 21st largest (disclosed) transaction.
  • This is Cardinal Health’s 1st transaction in Canada.
  • This is Cardinal Health’s 1st transaction in Ontario.

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M&A Deal Summary

Date February 16, 2012
Target Futuremed Healthcare Products
Sector Distribution
Buyer(s) Cardinal Health
Deal Type Add-on Acquisition
Deal Value 165M CAD

Target Company

Futuremed Healthcare Products

Concord, Ontario, Canada
Futuremed is a value-added distributor of consumable nursing home supplies and specialized furniture and equipment to the growing long-term care facilities sector.
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Buyer Overview 1

Buyer

Cardinal Health

Dublin, Ohio, United States

Category Company
Founded 1979
Sector Distribution
Employees47,922
Revenue 226.8B USD (2024)
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 Context for Buyer #
Overall 23 of 44
Sector: Distribution 5 of 9
Type: Add-on Acquisition 21 of 39
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2012 1 of 3
Size (of disclosed) 21 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-18 Kinray

Whitestone, New York, United States

Kinray, Inc. is a distributor of pharmaceutical, generic, health and beauty, and home health care products in the world. The company has a long-standing and proud tradition of providing reliable, trustworthy and impeccable service to its valued independent pharmacy customers. Kinray is a full line, full-service, wholesale distributor with the primary goal to provide each and every customer with fast, friendly and courteous service.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-14 Dik Drug

Burr Ridge, Illinois, United States

Dig Drug is a regional drug wholesaling company.

Buy -