DUBLIN, Ohio — Cardinal Health has announced it will spin off its clinical and medical products businesses as a separate company based in San Diego.
The spin-off, which has not been named, is expected to be completed by mid-2009 with offerings for infusion, medication and supply dispensing, respiratory care, infection prevention, medical diagnostics and surgical procedures. Products will include the Alaris IV infusion and Pyxis dispensing systems as well as AVEA and LTV series ventilators.
The new company will be led by current vice chairman and med-tech industry veteran David Schlotterbeck.
The company also announced that Chairman and CEO Kerry Clark will continue to lead Cardnial Health through the spin-off and then will retire. Clark will be succeeded by George S. Barrett, who has served as vice chairman and CEO of Healthcare Supply Chair Services since joining the company in January.
