Healthcare company Becton Dickinson will buy CareFusion “in a $12.2 billion deal designed to provide a full range of medical products to hospitals, which are under pressure to cut costs and improve quality”, the Wall Street Journal reports.
Both companies create medical devices like catheters and syringes.
According to the Wall Street Journal, “the planned tie-up, which is expected to close in the first half of next year, reflects how medical-equipment makers are trying to adapt to major changes in the way hospitals do business.”
The companies want to “help hospitals manage their drug use to eliminate waste and errors.” For example, CareFusion offers software that allows providers to better track how much medicine they distribute.
Summary by MedicalGroups.com
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