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CareFusion to sell unit for $130M to Medline

Thu, 02/03/2011 - 10:45am
The Associated Press

CareFusion Corp. said Thursday it will sell its surgical products unit to privately-held Medline Industries for $130 million.

CareFusion's surgical products business is based in based in Rolle, Switzerland, with operations in 16 European and Asian-Pacific countries and distribution and assembly facilities located in Germany, France, Spain and Australia. The business employs more than 850 people and sells medical consumable products.

CareFusion said the business generates annual sales of about $440 million. It said it plans to focus on its core medical technology and disposable product businesses.

The transaction is expected to close in April.

CareFusion shares rose 70 cents, or 2.7 percent, to $26.87 in afternoon trading.

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