M&A Deal Summary

Cardinal Health Acquires The Harvard Drug Group

On June 5, 2015, Cardinal Health acquired distribution company The Harvard Drug Group from Court Square Capital Partners for 1.2B USD

Acquisition Highlights
  • This is Cardinal Health’s 8th transaction in the Distribution sector.
  • This is Cardinal Health’s 10th largest (disclosed) transaction.
  • This is Cardinal Health’s 30th transaction in the United States.
  • This is Cardinal Health’s 1st transaction in Michigan.

M&A Deal Summary

Date 2015-06-05
Target The Harvard Drug Group
Sector Distribution
Buyer(s) Cardinal Health
Sellers(s) Court Square Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

The Harvard Drug Group

Livonia, Michigan, United States
The Harvard Drug Group LLC is a pharmaceutical distributor in the United States. Harvard Drug supplies generic and branded pharmaceuticals to over 6,000 retail customers, which include independent, regional and national pharmacies.

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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 33 of 43
Sector (Distribution) 8 of 9
Type (Add-on Acquisition) 30 of 38
State (Michigan) 1 of 1
Country (United States) 30 of 40
Year (2015) 2 of 5
Size (of disclosed) 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-22 Metro Medical Supply

Nashville, Tennessee, United States

Metro Medical Supply, Inc. is a specialty pharmaceutical distributor. Metro Medical is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 OutcomesMTM

West Des Moines, Iowa, United States

OutcomesMTM is a privately owned company that contracts with more than 40 U.S. health plans throughout the United States to deliver personalized Medication Therapy Management (MTM) services to more than 5.5 million patients through a network of more than 50,000 local chain and independent retail pharmacies, nationwide. OutcomesMTM is based in West Des Moines, Iowa.

Buy -

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 32 of 56
Sector (Distribution) 2 of 4
Type (Add-on Acquisition) 18 of 25
State (Michigan) 1 of 2
Country (United States) 29 of 53
Year (2015) 1 of 3
Size (of disclosed) 9 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-18 Research Now Group

Plano, Texas, United States

Research Now Group is a global leader in data collection through online and mobile surveys utilizing proprietary consumer and business panels. It recruits, qualifies and matches individual consumer or business professional panelists with specific demographic characteristics to provide targeted results for end customers’ surveys. Research Now Group was founded in 1940 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-13 Fibertech Networks

Rochester, New York, United States

Fibertech Networks LLC is a provider of fiber-optic-based network services.

Sell $1.9B