M&A Deal Summary

Shanghai Pharma Acquires Cardinal Health - China Business

On November 14, 2017, Shanghai Pharma acquired healthcare services company Cardinal Health - China Business from Cardinal Health for 1.2B USD

Acquisition Highlights
  • This is Shanghai Pharma’s 1st transaction in the Healthcare Services sector.
  • This is Shanghai Pharma’s largest (disclosed) transaction.
  • This is Shanghai Pharma’s 1st transaction in China.

M&A Deal Summary
Date 2017-11-14
Target Cardinal Health - China Business
Sector Healthcare Services
Buyer(s) Shanghai Pharma
Sellers(s) Cardinal Health
Deal Type Divestiture
Deal Value 1.2B USD

Target

Cardinal Health - China Business

China
Cardinal Health, Inc. - China Business includes Cardinal Health's pharmaceutical and medical products distribution business in China.

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Buyer(S) 1

Buyer

Shanghai Pharma

Shanghai, China
Category Company
Founded 1994
Sector Life Science
Employees49,234
Revenue 260.3B CNY (2023)
DESCRIPTION

Shanghai Pharma is a pharmaceutical group with business extending across the entire value chain. The company is engaged in the research and development, manufacturing, distribution, and retail of pharmaceutical products and innovative healthcare services. Its revenue and profit sustained growth at CAGR of 15.4% and 11.7% from 2011 to 2016 reaching RMB120.8 billion and RMB3.8 billion respectively. Shanghai Pharma was founded in 1994 and is based in Shanghai, China.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
Country (China) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

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 7 of 10
Sector (Healthcare Services) 2 of 4
Type (Divestiture) 6 of 7
Country (China) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-18 Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses

United States

Medtronic - Patient Care, Deep Vein Thrombosis & Nutritional Insufficiency Businesses encompass 23 product categories across multiple market settings, including numerous industry-leading brands, such as Curity, Kendall, Dover, Argyle and Kangaroo, which are used in nearly every U.S. hospital.

Buy $6.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 NaviHealth

Brentwood, Tennessee, United States

NaviHealth, Inc. is the largest manager of post-acute benefits for health plans and a leading value-based care partner to health systems and providers. naviHealth currently serves more than two million insured members and manages care transitions for approximately 800 acute hospitals and 11,000 post-acute care facilities nationwide.

Sell -
Mergr

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