CareFusion, a medical technology company based in San Diego, announced it has acquired pharmaceutical waste technology company Vestara, Irvine, Calif. The deal, worth at least $17 million, will diversify CareFusion's pharmaceutical management operations, said Tom Leonard, president of dispensing technology for CareFusion.
CareFusion buys Vestara, COO to depart
Leonard said CareFusion will expand its drug management technology with the acquisition to include drug disposal. Vestara holds 30 technology patents and exclusive licenses, and its software uses bar codes to cross-reference drugs to obtain information about federal, state and local laws regarding their disposal, he said.
CareFusion also announced Tuesday that Chief Operating Officer Dwight Winstead will leave the company June 30. Winstead joined CareFusion in 2009. In a news release about the departure, company Chairman and CEO Kieran Gallahue said: "Dwight and I agreed the timing was right to streamline the organization. He has been a foundational leader at CareFusion and he leaves a legacy of strong operators and industry-leading businesses."
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