M&A Deal Summary

Cardinal Health Acquires Pyxis

On June 1, 1996, Cardinal Health acquired distribution company Pyxis for 920M USD

Acquisition Highlights
  • This is Cardinal Health’s 3rd transaction in the Distribution sector.
  • This is Cardinal Health’s 14th largest (disclosed) transaction.
  • This is Cardinal Health’s 4th transaction in the United States.
  • This is Cardinal Health’s 1st transaction in Ohio.

M&A Deal Summary

Date 1996-06-01
Target Pyxis
Sector Distribution
Buyer(s) Cardinal Health
Deal Type Add-on Acquisition
Deal Value 920M USD

Target

Pyxis

Dublin, Ohio, United States
Pyxis Corporation is a provider of closed loop inventory distribution systems to hospitals and long-term health care facilities.

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Buyer(S) 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 STATS #
Overall 4 of 44
Sector: Distribution M&A 3 of 9
Type: Add-on Acquisition M&A Deals 4 of 39
State: Ohio M&A 1 of 3
Country: United States M&A 4 of 41
Year: 1996 M&A 1 of 1
Size (of disclosed) 14 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-08-29 Medicine Shoppe International

St. Louis, Missouri, United States

Medicine Shoppe International, Inc. is a largest pharmaceutical chain in the country, based on the number of stores. The overwhelming majority of Medicap stores are owned by the pharmacist / manager. Each store focuses exclusively on the sale of prescription pharmaceuticals and value-added pharmacist services like patient counseling.

Buy $348M
FOLLOWING 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 -