CareFusion has agreed to sell its CareFusion International Surgical Products (ISP) distribution business to Medline Industries for approximately $130 million.
CareFusion ISP, based in Rolle, Switzerland, has operations in 16 European and Asian-Pacific countries and distribution and assembly facilities located in Germany, France, Spain and Australia. The business employs more than 850 people and sells medical consumable products such as drapes and gowns, procedure trays, exam gloves and fluid management products. It generates sales of approximately $440 million annually.
Medline manufactures and distributes products to hospitals, extended care facilities, surgery centers, physician offices and home care dealers.
As part of the agreement, Mundelein, Ill.-based Medline will continue to distribute CareFusion products in certain geographies. The acquisition is expected to close in April, subject to customary conditions.