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Cardinal Health closes Healthcare Solutions buyout

Thu, 07/15/2010 - 11:45am
The Associated Press

Health care products distributor Cardinal Health Inc. said Thursday it completed its $517 million acquisition of Healthcare Solutions Holding LLC.

Healthcare Solutions is the parent company of P4 Pathways and P4 Healthcare, which provide tools and services to specialty care doctors, drug companies, and payers. Cardinal Health announced the acquisition in June. The company said Healthcare Solutions may boost its profit slightly in the current fiscal year, and would make a larger contribution in later years.

Shares of Cardinal Health rose 9 cents to $35.78 in afternoon trading.

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