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CareFusion Gets Bought for Huge Sum

October 6, 2014
by Gabriel Perna
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San Diego-based CareFusion, which is a top revenue earning company in medical device hardware and health IT software products, was bought by Becton, Dickinson and Company (BD) for $12.2 billion this weekend.

The purchase combines two of the biggest medical devices companies in the country. The Franklin Lakes, N.J.-based BD will acquire for $58.00 per share in cash and stock, which totals $12.2 billion. In fiscal 2014, CareFusion earned $3.84 billion in revenue.

The two companies have a long-term integration plan in place. According to the press release announcing the merger, CareFusion will operate as part of BD’s medical segment, and BD is committed to maintaining an active presence in San Diego where CareFusion is headquartered. In terms of integration of product lines, BD says the two companies have overlap in medication management and smart devices. There are also overlaps in monitoring devices.

CareFusion has analytics and surveillance software that allows patients to measure metrics. It is unclear how those departments will integrate into BD. In an interview with The Wall St. Journal, the CEO of BD, Vincent A. Forlenza, said that CareFusion's software products were one of the biggest reasons they were interested in acquiring the San Diego-based company.

Read the source article at News Releases



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