MDS Inc. Sells Interest in Source Medical to Cardinal Health
23 Novembre 2005 - 1:00PM
PR Newswire (US)
MDS to Focus on Global Life Sciences, Cardinal Health Extends
Supply-Chain Leadership TORONTO, Nov. 23 /PRNewswire-FirstCall/ --
MDS Inc. (MDS: TSX; MDZ: NYSE) announced today that it has
completed the sale of its interest in Source Medical Corporation to
its partner Cardinal Health (NYSE:CAH) for CDN$79 million. Source
Medical is Canada's leading distributor of medical surgical
supplies to hospitals, laboratories and other healthcare providers.
"The sale of our interest in Source Medical is the first step in
focusing MDS on growth in the global life sciences markets. We
expect that the Source Medical team will continue to deliver solid
performance under the full ownership of Cardinal Health," said
Stephen P. DeFalco, President and CEO, MDS Inc. Cardinal Health,
the leading provider of products and services to the health-care
industry, manufactures and distributes medical, surgical and
laboratory products worldwide. Through the acquisition of Source
Medical, the company is better positioned to serve its growing base
of customers in Canada. "Cardinal Health has a long history of
serving health-care providers in Canada," said Ronald K. Labrum,
Cardinal Health's chairman and CEO of Healthcare Supply Chain
Services. "Today's announcement is another step in our strategy of
bringing together excellence in supply chain innovation and
efficiency to help improve the delivery of patient care." "As part
of Cardinal Health, a global leader in health care, Source Medical
will have new opportunities to strengthen our leadership in serving
Canada's medical community," said David Lees, president and CEO of
Source Medical. This transaction is effective immediately. About
MDS Inc: MDS Inc. has more than 8,800 highly skilled people in 27
countries. We provide a diverse range of superior products and
services to increase our customers' speed, precision and
productivity in the drug development and disease diagnosis
processes. We are a global, values-driven life sciences company,
recognized for our reliability and collaborative relationships as
we help create better outcomes in the treatment of disease. Find
out more at http://www.mdsinc.com/ or by calling 1-800-MDS-7222, 24
hours a day. About Source Medical: Source Medical Corporation is
Canada's leading and only national full service and value-added
supplier of medical, surgical and laboratory products.
Headquartered in Toronto, it distributes more than 70,000 products
from more than 400 suppliers, offering a full range of goods and
services for the acute care, continuing care and laboratory
markets. With seven regional distribution centres, Source Medical
is a leader in sales, marketing, supply chain management and
distribution innovation. More information can be found at
http://www.sourcemedical.com/ About Cardinal Health: Headquartered
in Dublin, Ohio, Cardinal Health, Inc. (NYSE:CAH) is the leading
provider of products and services supporting the health-care
industry. Cardinal Health develops, manufactures, packages and
markets products for patient care; develops drug-delivery
technologies; distributes pharmaceuticals and medical, surgical and
laboratory supplies; and offers consulting and other services that
improve quality and efficiency in health care. Ranked No. 16 on the
Fortune 500, Cardinal Health employs more than 55,000 people on six
continents and produces annual revenues of nearly $75 billion. More
information about the company may be found at
http://www.cardinalhealth.com/. DATASOURCE: MDS Inc. CONTACT: MDS
Inc., Investor and Media Relations: Yvette Lokker, Manager,
Investor Relations, (416) 675-6777 x 2993; Cardinal Health,
Investor Relations: Jason Strohm, (614) 757-7542; Media Relations:
Geoffrey Fenton, (847) 578-4432
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