TORONTO (Dec. 9)—Cardinal Health Inc. has purchased partner MDS Inc.´s interest in Source Medical Corp. for about $67 million to become the sole owner of the medical supply distributor.
MDS sold its 49 percent share to focus on the global sciences markets, President and CEO Stephen DeFalco said. Cardinal Health, a manufacturer of medical gloves and numerous other health care products, bought the Toronto-based firm to put it in a position to better serve its growing customer base in Canada, the firm said.
Source Medical is a distributor of medical, surgical and laboratory products. It has seven regional distribution centers and offers a range of goods and services to the acute care, continuing care and laboratory markets, the firm said.