Cardinal spinoff company

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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 Cardinals 80-employee Creedmoor operation.

The Granville County facility manufacturers components as part of Cardinals 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.

Click here to read the full story.
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.

Click here to read the full story.

 

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