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CARDINAL HEALTH ACQUIRING WACO WHOLESALER BEHRENS FOR OVER $40 MIL.

This article was originally published in The Tan Sheet

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Executive Summary

CARDINAL HEALTH ACQUIRING WACO WHOLESALER BEHRENS FOR OVER $40 MIL. in a transaction comprising mainly a stock swap but also some cash. The agreement provides Dublin, Ohio-based Cardinal Health and its growth-through-acquisition strategy "with an exceptionally strong presence in the retail pharmacy segment" in the fast-growing Southwest. Waco, Tex.-based Behrens' presence in that market will "complement Cardinal's existing presence in the hospital and managed care segment in the Southwest," Cardinal Health Chairman and CEO Robert Walter said May 23.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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