Cardinal Health Canada Acquires Futuremed
|Areas||Competition, Antitrust and Foreign Investment, Corporate Finance and Securities, Health Care Law|
Goodmans represented Futuremed Healthcare Products Corporation (“Futuremed”) in connection with its acquisition by Cardinal Health Canada Inc. (Cardinal Health Canada), a wholly-owned subsidiary of Cardinal Health, Inc. by take-over bid of all the outstanding common shares of Futuremed for $8.15 per common share in cash for proceeds of $165 million.
Cardinal Health Canada is headquartered in Toronto, Canada, with seven distribution centers across the country. It distributes medical and surgical products to healthcare providers across the Canadian healthcare system. It is a wholly-owned subsidiary of Cardinal Health, Inc. which is headquartered in Dublin, Ohio.
Futuremed is Canada's leading value-added distributor of consumable nursing home supplies and specialized furniture and equipment to the growing long-term care facilities sector. Futuremed products are sold under the name Dismed in Quebec.