Originally published at www.seclive.com
CareFusion Corporation (NYSE:CFN) announced it has completed the acquisition of Vital Signs, a division of GE Healthcare, in a transaction valued at $500M. CareFusion paid GE $470M in this first closing with its available cash on hand and will pay the remainder of the purchase price upon the closing of Vital Signs international business operations. CareFusion serves the healthcare industry with products and services designed to help hospitals improve quality and safety of care. Vital Signs complements CareFusion in that it doubles the size of its specialty disposables business line. CareFusion Chairman and CEO Kieran Gallahue remarked that the company is better positioned in the marketplace and looks forward to continued growth. Vital Signs, which specializes in consumable products for anesthesiology and respiratory care, generates annual revenue of about $250M.
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