Regulators want more info on Cardinal-Futuremed
Regulators in Canada have asked Cardinal Health for more information related to its proposed acquisition of Futuremed Healthcare, which distributes supplies and specialized furniture and equipment to nursing homes.
The companies said Friday that the request was not unexpected, and they will continue to work with Canada's Competition Bureau.
Cardinal Health Inc., based in Dublin, Ohio, announced last month that its Canadian business would spend $162.9 million to acquire Futuremed Healthcare Products Corp.
Shares of Cardinal Health lost 9 cents to $40.76 in morning trading.