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Cardinal Health, Medtronic Tie Up $6.1bn Lower-Margin Assets Deal

 
• By Tina Tan

Medtronic is selling certain lower-margin, lower growth assets within its Patient Monitoring and Recovery division to Cardinal Health in a $6.1bn deal. While the deal may benefit Medtronic's debt situation, the same cannot be said for the buyer.

Medtronic has agreed to sell its patient care, deep vein thrombosis, and nutritional insufficiency business lines – deemed to be lower-growth, lower-margin assets – to Cardinal Health in an all-cash deal worth $6.1bn.

The significant liquidity which Medtronic will benefit from this deal will immediately boost Medtronic's top line and help bulk up its operating margins. The bottom line will be diluted modestly,...

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