Cardinal spinoff company

September 30, 2008

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Cardinal Health Inc. said Monday that it is spinning off its tech-focused clinical and medical products businesses into a separate public company in a move that will affect Cardinal’s 80-employee Creedmoor operation.

The Granville County facility manufacturers components as part of Cardinal’s intravenous infusion business, which will become part of the new company. The new company will be based in San Diego and led by Cardinal Vice Chairman David Schlotterbeck. He joined Cardinal in 2004, when the company bought Alaris Medical Systems, where he was president and CEO.

Cardinal expects the spinoff to be complete by mid-2009.

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