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New Deal


Announced

Completed

Hellman & Friedman completed the acquisition of Cordis from Cardinal Health for $1bn.

Financials

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Transaction Value£716m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private Equity

Acquisition

medical devices

Friendly

Cross Border

Private

Medical Equipment

Switzerland

Single Bidder

Completed

Synopsis

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Hellman & Friedman completed the acquisition of Cordis, a medical device business of Cardinal Health, a healthcare services and products company, for $1bn. "Cardinal Health and H&F have a shared passion for delivering high-quality medical products to customers and we are excited about the future for the Cordis business under H&F's ownership," Mike Kaufmann, Cardinal Health CEO.

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