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News Breaks | | | | February 14, 2013 | | 07:19 EDT |  | CAH | Cardinal Health to acquire AssuraMed for $2.07B
Cardinal Health announced plans to acquire privately held AssuraMed, a provider of medical supplies to patients in the home, for $2.07B, or $1.94B, net of the present value of tax benefits. The acquisition will be financed with a combination of $1.3B in new senior unsecured notes and the remainder in cash. The transaction is expected to close by early April. Cardinal Health expects accretion of 2c-3c to its existing non-GAAP fiscal 2013 earnings per share guidance range. For fiscal 2014, the company estimates non-GAAP EPS accretion of at least 18c per share, including the cost of an incremental 8c-9c per share of interest expense associated with financing the transaction. The company did not provide the preliminary estimates of the impact of the transaction on fiscal 2013 and 2014 GAAP EPS since the impact is dependent on the timing of the closing and final valuation of intangible assets. Cardinal Health expects the amortization of acquisition-related intangible assets, which are excluded from its non-GAAP EPS, to be a significant expense in fiscal 2013 and 2014. | |
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News For CAH From The Last 14 Days Check below for free stories on CAH the last two weeks. |
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| May 14, 2013 | | 07:18 EDT |  | CAH | BofA/Merrill to host a conference
2013 Health Care Conference is being held in Las Vegas on May 14-16. | | | May 13, 2013 | | 06:42 EDT | | CAH | Cardinal Health management to meet with ISI Group
Meetings to be held May 13-14 hosted by ISI Group. | |
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