M&A Deal Summary

Cardinal Health Acquires Kinray

On November 18, 2010, Cardinal Health acquired distribution company Kinray for 1.3B USD

Acquisition Highlights
  • This is Cardinal Health’s 4th transaction in the Distribution sector.
  • This is Cardinal Health’s 8th largest (disclosed) transaction.
  • This is Cardinal Health’s 20th transaction in the United States.
  • This is Cardinal Health’s 3rd transaction in New York.

M&A Deal Summary
Date 2010-11-18
Target Kinray
Sector Distribution
Buyer(s) Cardinal Health
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Solomon Partners (Financial)

Target

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.

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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 22 of 43
Sector (Distribution) 4 of 9
Type (Add-on Acquisition) 20 of 38
State (New York) 3 of 3
Country (United States) 20 of 40
Year (2010) 2 of 2
Size (of disclosed) 8 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-09 Healthcare Solutions Holding

Ellicott City, Maryland, United States

Healthcare Solutions Holding provides comprehensive health care management solutions that help improve the quality of patients' health care outcomes and increase efficiency in the delivery of health care services. By partnering with specialist physician practices across the nation, Healthcare Solutions Holding connects patients, physicians, payors and pharmaceutical companies to bring innovative solutions to health care.

Buy $517M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-16 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.

Buy CA$165M
Mergr

Product

Company

Legal