News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Cardinal Health, Inc. (CAH) Has Acquired Six China Drug Distributors for $120 Million



2/7/2013 10:53:02 AM

by Richard Daverman, PhD

February 6, 2013 -- Cardinal Health, a major US drug distributor, says it has spent $120 million to acquire six China drug distributors during the last year, paying less than $30 million for each one. Cardinal’s CFO Jeff Henderson said the goal with each transaction was not revenue volume but greater geographical reach. The acquisition targets were not named. In 2010, Cardinal made a dramatic entry in China’s drug distribution sector by purchasing Zuellig China for $458 million. More details....

Stock Symbol: (NYSE: CAH)


Read at ChinaBio Today


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES