CARDINAL HEALTH ACQUIRES DENVER BIOMEDICAL.Cardinal Health, Inc. (NYSE NYSE See: New York Stock Exchange :CAH CAH congenital adrenal hyperplasia. CAH Congenital adrenal hyperplasia, see there ), McGaw Park, Ill., a provider of products and services supporting the health-care industry, has completed the acquisition of Denver Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. , Inc., a designer and manufacturer of specialized medical products for chronic fluid management in the chest and abdomen. Terms of the agreement were not disclosed. Based in Golden, Colorado, Denver Biomedical has 50 employees. It markets specialty drainage products worldwide for hospital and home use, primarily for terminally-ill cancer patients. Founded in 1969, Denver Biomedical's products include the Pleurx(R) Pleural Pleural Pleural refers to the pleura or membrane that enfolds the lungs. Mentioned in: Pneumothorax pleural emanating from or pertaining to the pleura. Catheter System, the Denver(R) Ascites Ascites Definition Ascites is an abnormal accumulation of fluid in the abdomen. Description Rapidly developing (acute) ascites can occur as a complication of trauma, perforated ulcer, appendicitis, or inflammation of the colon or other Shunt, and the Denver(R) Pleural Effusion Shunt. Denver Biomedical was the first company to receive FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearance specifically for an indwelling catheter for drainage of chronic pleural and ascitic as·ci·tes n. pl. ascites An abnormal accumulation of serous fluid in the abdominal cavity. [Middle English aschites, from Late Latin asc fluids. "Well recognized by clinicians, Denver Biomedical's products are a great fit with our existing business," said Tom Daulton, vice president and general manager, Special Procedures, Cardinal Health. "These products significantly enhance patient quality of life and reduce hospital costs." Cardinal Health manufactures and markets a full range of industry-leading devices used in biopsy and spine procedures. Its major product lines in these areas include the Vertemax Vertebral ver·te·bral adj. 1. Of, relating to, or of the nature of a vertebra. 2. Having or consisting of vertebrae. 3. Having a spinal column. Augmentation System, Achieve(R), Temno(R) and Tru-Cut(R) biopsy needles and trays and Jamshidi(R) bone marrow biopsy Bone marrow biopsy A procedure in which cellular material is removed from the pelvis or breastbone and examined under a microscope to look for the presence of abnormal blood cells characteristic of specific forms of leukemia and lymphoma. needles. "We take great pride in our products, support to the medical community and our passion for service excellence. After careful consideration, we selected Cardinal Health as a partner that could successfully continue this tradition," said Bonnie Vivian, president, Denver Biomedical. "We are looking forward to accelerating our growth as part of Cardinal Health." The chronic fluid drainage market provides a vital service to patients, providing at-home relief for fluid build-up. This acquisition supports Cardinal Health's strategic focus and rounds out the company's growing Para/Thoracentesis product offering. About Cardinal Health Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE:CAH) is a $75 billion, global company serving the health-care industry with a broad portfolio of products and services. Through its diverse offering, Cardinal Health delivers integrated health-care solutions that help customers reduce their costs, improve efficiency and deliver better care to patients. The company manufactures, packages and distributes pharmaceuticals and medical supplies, offers a range of clinical services and develops automation products that improve the management and delivery of supplies and medication for hospitals, physician offices and pharmacies. Ranked No. 19 on the Fortune 500, Cardinal Health employs more than 55,000 people on six continents. For more information, visit http://www.cardinalhealth.com or call 847/578-4434. |
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