Cardinal Health to Acquire Alaris for $2 Billion
By HospiMedica staff writers
Posted on 01 Jun 2004
In a move to enlarge its portfolio of healthcare products and services, Cardinal Health, Inc. (Dublin, OH, USA) has agreed to acquire Alaris Medical Systems (San Diego, CA, USA) for about U.S.$2 billion, including the assumption of outstanding debt.Posted on 01 Jun 2004
The Alaris product line includes a range of patient monitoring devices and disposables, infusion pumps, and the Medley Medication Safety System, a modular point-of-care computer that integrates infusion, patient monitoring, and clinical best practice guidelines in a single platform. A key part of the system is the Alaris Guardrails Safety Software, which supports hospitals in the design, implementation, and analysis of clinical best practices to improve safety and clinical productivity. Alaris also offers a comprehensive set of services, including training services and technical assistance. Worldwide, the company's products are used in more than 5,000 hospitals.
Cardinal Health's product line includes patient care products and medical, surgical, and laboratory supplies. With complementary operations, product lines, distribution networks, and geographic presence, the acquisition will enable Cardinal Health to broaden its line of integrated product and service offerings.
"Alaris has an excellent reputation in the acute care marketplace and will further expand Cardinal Health's product and service offerings to this very strategic market,” said Robert D. Walter, chairman and CEO of Cardinal Health. "The company is a terrific fit with Cardinal Health and we see a significant opportunity for marketing, sales, and operational synergies in the combined company.”
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