CareFusion

CareFusion was created in 2009 as a spinoff of medical technology businesses from Cardinal Health. It began publicly trading on the New York Stock Exchange on September 1, 2009.{{Cite web|last=|first=|date=|title=News Release issued by CAH|url=https://www.sec.gov/Archives/edgar/data/721371/000119312509185512/dex991.htm|url-status=live|archive-url=https://web.archive.org/web/20170906225031/https://www.sec.gov/Archives/edgar/data/721371/000119312509185512/dex991.htm |archive-date=2017-09-06 |access-date=2017-09-06|website=SEC}} Cardinal's core business was drug distribution, a low-margin and low-risk, predictable business, with which the higher-margin, higher-risk medical technology businesses were difficult to integrate.{{cite news |last1=Bigelow |first1=Bruce |title=San Diego's Medical Technology Startups Get Reborn in CareFusion Spinoff |url=https://www.xconomy.com/san-diego/2009/08/31/san-diegos-medical-technology-startups-get-reborn-in-carefusion-spinoff/ |work=Xconomy |date=31 August 2009}}

The spin-off was named after Care Fusion, a business Cardinal Health acquired in 2006 that was based in McLean, Virginia and sold wireless patient identification systems used in hospitals.

It also included Cardinal's automated dispensing cabinet line, which had been acquired when Cardinal bought Pyxis Corporation in 1996 for $920 million. Pyxis had been founded in San Diego by Ronald R. Taylor and investor Tim Wollaeger in 1987 and had around 1,500 employees when it was acquired.{{cite news |last1=Bigelow |first1=Bruce V. |title=Pyxis Founder Ron Taylor Joins Connect Entrepreneur Hall of Fame |url=https://www.xconomy.com/san-diego/2013/03/21/pyxis-founder-ron-taylor-joins-connect-entrepreneur-hall-of-fame/?single_page=true |work=Xconomy |date=March 21, 2013}} Cardinal had acquired Pyxis as part of an earlier strategy to start selling higher-margin products.{{cite news|url=https://www.nytimes.com/1996/02/08/business/cardinal-deal-to-buy-pyxis-in-stock-swap.html |title=Cardinal Deal To Buy Pyxis In Stock Swap |first1=Milt |last1= Freudenheim |date=February 8, 1996 |newspaper=The New York Times}}

CareFusion also included assets acquired by Cardinal in 2004 through the acquisition of another San Diego company, Alaris Medical Systems, in 2004, for $2 billion. Alaris made intravenous drug pumps.

In May 2010, CareFusion acquired Medegen, Inc. for US$ 225 million in cash.{{Cite web |title=CareFusion to Acquire Medegen for $225 Million |url=http://www.sandiegouniontribune.com/sdut-carefusion-to-acquire-medegen-for-225-million-2010apr05-story.html |website=San Diego Union Tribune |date=5 April 2010 |accessdate=2017-05-02}} On February 1, 2011, Kieran T. Gallahue was named CareFusion's chairman and CEO.{{Cite web |title=New Leader at CareFusion |url=http://www.healthdatamanagement.com/news/carefusion-ceo-devices-medication-management-vendor-41854-1.html |accessdate=5 June 2017}} In April 2012, CareFusion sold the Nicolet operating unit to Natus Medical Incorporated for $58 million. On July 7, 2012, CareFusion acquired U.K. Medical Limited, a distributor of medical products to the National Health Service and private health care sector in the United Kingdom.{{Cite press release |title=CareFusion To Acquire Brazilian Respiratory Company Intermed |url=http://www.prnewswire.com/news-releases/carefusion-to-acquire-brazilian-respiratory-company-intermed-173100251.html |website=PR Newswire |accessdate=2017-05-02}} In November 2012, CareFusion acquired Intermed Equipamento Medico Hospitalar Ltda, a privately held respiratory technologies company based in Cotia, Brazil. Intermed designs, manufactures and markets ventilators and respiratory care devices for infant, pediatric and adult patients that are used in hospitals in Brazil, Latin America and Europe.{{Cite web |title=CareFusion announces acquisition of UK Medical |url=https://www.buildingbetterhealthcare.co.uk/news/article_page/CareFusion_announces_acquisition_of_UK_Medical/78578 |website=Building Better Healthcare |accessdate=2017-05-02}}

In 2011, CareFusion acquired Rowa Automatisierungssysteme.{{cite web| url = http://media.carefusion.com/index.php?s=43&item=112 |title = CareFusion completes Rowa acquisition | date = 2011-08-01}} In November 2013, CareFusion acquired Vital Signs Inc., a medical device manufacturing business, with the exception of European operations from GE Healthcare.{{Cite news |last=Mason |first=Everdeen |date=2013-11-18 |title=CareFusion to Acquire GE Health-Care Unit for $500 Million |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/carefusion-to-acquire-ge-healthcare-unit-for-500-million-1384785154 |access-date=2017-09-06 |issn=0099-9660}}{{Cite web |title=CareFusion closes Vital Signs purchase – MassDevice |url=http://www.massdevice.com/carefusion-closes-vital-signs-purchase/ |url-status=live |archive-url=https://web.archive.org/web/20170906230415/http://www.massdevice.com/carefusion-closes-vital-signs-purchase/ |archive-date=2017-09-06 |access-date=2017-09-06 |website=Mass Device |language=en-US}} In 2013, CareFusion bought 40% of the Israeli company Caesarea Medical Electronics.{{Cite news |title=The boycott movement is losing the battle - for now |url=https://www.haaretz.com/.premium-bds-is-losing-the-battle-so-far-1.5301162 |url-status=live |archive-url=https://web.archive.org/web/20190206043220/https://www.haaretz.com/.premium-bds-is-losing-the-battle-so-far-1.5301162 |archive-date=2019-02-06 |access-date=2020-09-23 |website=Haaretz |language=en}}

In January 2014, the United States Department of Justice reached a USD $40.1 million settlement with CareFusion.{{Cite web |date=9 January 2014 |title=CareFusion to Pay the Government $40.1 Million to Resolve Allegations That Include More Than $11 Million in Kickbacks to One carefusion-settlement-idUSBREA081A520140109 |url=https://www.reuters.com/article/us-carefusion-settlement/carefusion-to-pay-40-million-to-settle-u-s-kickbacks-lawsuit-idUSBREA081A520140109 |url-status=live |archive-url=https://web.archive.org/web/20191031091950/https://www.reuters.com/article/us-carefusion-settlement/carefusion-to-pay-40-million-to-settle-u-s-kickbacks-lawsuit-idUSBREA081A520140109 |archive-date=2019-10-31 |work=Reuters}} The Department of Justice alleged that CareFusion violated the False Claims Act by promoting the sale of its drug ChloraPrep for uses that were not approved by the FDA. ChloraPrep is the commercial name under which CareFusion produced the drug chlorhexidine, used to clean the skin before surgery. In 2017, this case was called into question and came under review by the DOJ because the lead attorney for the DOJ serving as Assistant Attorney General in the case, Jeffery Wertkin, was arrested by the FBI on January 31, 2017 for allegedly attempting to sell a copy of a complaint in a secret whistleblower suit that was under seal.{{Cite web |title=Whistleblower Lawyers Fret Over Leaks After Akin Gump Partner's Arrest |url=http://www.nationallawjournal.com/id=1202778867156/Whistleblower-Lawyers-Fret-Over-Leaks-After-Akin-Gump-Partners-Arrest |access-date=2017-09-06 |website=National Law Journal}}{{Cite web |last=Roberts |first=Jeff John |title=Lawyer Charged for Trying to Sell Secret Tech Whistleblower Case |url=http://fortune.com/2017/02/08/fbi-lawyer-whistleblower/ |access-date=2017-09-06 |website=Fortune}}

In October 2014, BD announced its acquisition of CareFusion for $58 USD per share in cash and stock, or a total of $12.2 billion.{{Cite news |last=Cortez |first=Michelle |date=5 October 2014 |title=Becton Dickinson Agrees to Acquire CareFusion for $12.2B |work=Bloomberg |url=https://www.bloomberg.com/news/2014-10-05/becton-dickinson-agrees-to-acquire-carefusion-for-12-2b.html}} The acquisition was completed on March 17, 2015.{{Cite web |last=Fikes |first=Bradley J. |title=$12B CareFusion purchase final |url=http://www.utsandiego.com/news/2015/mar/17/carefusion-purchase-becton-complete/ |accessdate=5 June 2017}}

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• [http://www.carefusion.com CareFusion Official Web Site]

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Category:BD (company)

Category:Health care companies based in California

Category:Medical technology companies of the United States

Category:Companies based in San Diego

Category:American companies established in 2009

Category:Health care companies established in 2009

Category:2009 establishments in California

Category:Companies formerly listed on the New York Stock Exchange

Category:2015 mergers and acquisitions

Category:Corporate spin-offs