Medical-supply company Cardinal Health plans to pay $2.07 billion to expand its presence in home healthcare with the acquisition of AssuraMed.
Cardinal Health, Dublin, Ohio, said in a news release that the company would finance the transaction with $1.3 billion in new debt and the remainder in cash. The deal is expected to close by early April, according to the release.
AssuraMed, a privately held company based in Twinsburg, Ohio, had sales of about $1 billion in 2012 and reaches about 1 million patients a year with 30,000 products, according to the release. The figures reflect AssuraMed's January acquisition of medical supplies manufacturer Invacare.