Veteran journalist Carl Hoffman believes he’s solved one of the great mysteries of the 20th century. In 1961 at the age of 23, Michael Rockefeller – son of New York Governor Nelson Rockefeller and a member of one of the richest and most powerful families in America ¬– travelled to remote New Guinea in search of primitive art for his father’s new museum.
Cardinal Health To Acquire AssuraMed For $2.07 Billion
Dublin-based Cardinal Health says it plans to acquire one of the nation’s largest suppliers of home-based medical supplies.
The drug wholesaler Cardinal Health says it plans to acquire AssuraMed for $2.07 billion. Cardinal manufactures and distributes pharmaceuticals and medical equipment, but mostly to doctors and other providers.
The acquisition of AssuraMed could be Cardinal’s in-road to home-based medical care. AssuraMed reported about $1 billion in sales last year, and a statement from Cardinal says it plans to use its supply chain knowledge to make the business more efficient.
Cardinal says the deal will be financed mostly with debt and is expected to be finalized in the spring. News of the announcement increased Cardinal shares by nearly two percent this morning.