Cardinal Health Spins Off Tech Business

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.