|
|
Article: Cardinal sells PTS segment for $3.3B.(Cardinal Health Inc.)(Pharmaceutical Technologies and Services)(Blackstone Group L.P.)(Brief article)
- Article from:
- Pharma Marketletter
- Article date:
- January 29, 2007
CopyrightCOPYRIGHT 2007 Marketletter Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Cardinal Health, a leading US provider of products and services supporting the health care industry, has reached an agreement to sell its Pharmaceutical Technologies and Services (PTS) segment to the private investment and advisory firm Blackstone Group for about $3.3 billion in cash.
The companies have signed a definitive agreement for Blackstone to acquire the PTS businesses that develop, manufacture and package medication and other products for pharmaceutical and biotechnology firms, employ around 10,000 people at more than ...