Cardinal Health to Buy Medtronic Units for $6.1B

Industries Reuters

U.S. drug distributor Cardinal Health said on Tuesday it would buy medical device maker Medtronic's medical supplies businesses for $6.1 billion in cash.

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Cardinal Health is acquiring the patient care, deep vein thrombosis and nutritional insufficiency units from Medtronic.

The businesses encompass 23 product categories across multiple market settings, including brands such as Curity, Kendall, Dover, Argyle and Kangaroo.

Cardinal Health said it would finance the acquisition with cash and $4.5 billion in new debt.

(Reporting by Akankshita Mukhopadhyay in Bengaluru; Editing by Sriraj Kalluvila)