M&A Deal Summary

Cardinal Health Acquires SP Pharmaceuticals

On June 1, 2001, Cardinal Health acquired life science company SP Pharmaceuticals from Ridgemont Equity Partners

Acquisition Highlights
  • This is Cardinal Health’s 3rd transaction in the Life Science sector.
  • This is Cardinal Health’s 9th transaction in the United States.
  • This is Cardinal Health’s 1st transaction in New Mexico.

M&A Deal Summary
Date 2001-06-01
Target SP Pharmaceuticals
Sector Life Science
Buyer(s) Cardinal Health
Sellers(s) Ridgemont Equity Partners
Deal Type Add-on Acquisition

Target

SP Pharmaceuticals

Albuquerque, New Mexico, United States
Developer and contract manufacturer of liquid and freeze-dried sterile injectable drugs, focusing primarily on oncology and other difficult-to-handle drugs. BACI provided equity to finance a management buyout from Pharmacia & Upjohn. The company was sold to Cardinal Health in June 2001.

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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 10 of 43
Sector (Life Science) 3 of 3
Type (Add-on Acquisition) 8 of 38
State (New Mexico) 1 of 1
Country (United States) 9 of 40
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-22 VegiCaps Business

United States

VegiCaps an American Home Products business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-16 Boron LePore & Associates

Wayne, New Jersey, United States

Boron, LePore & Associates is a provider of marketing services to the pharmaceutical industry.

Buy $200M

Seller(S) 1

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 9 of 91
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 6 of 36
State (New Mexico) 1 of 1
Country (United States) 9 of 80
Year (2001) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-28 Yazam

New York, New York, United States

Yazam, Inc. provides investment-banking services, including access to value-added investors, and assistance in strategizing, training, and positioning.

Sell $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-13 AMN Healthcare Services

Dallas, Texas, United States

AMN Healthcare Services is a provider of healthcare staffing and clinical workforce management solutions. AMN Healthcare was incorporated in 1985 and is headquartered in Dallas, Texas.

Sell -
Mergr

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