Boston, MA -- (SBWIRE) -- 08/14/2012 -- CareFusion, formerly the Clinical and Medical Products division of Cardinal Health, serves the healthcare industry with products and services designed to help hospitals improve the safety and quality of care. The company offers product lines in the areas of intravenous (IV) infusion, medication and supply dispensing, respiratory care, infection prevention and surgical instruments. Its primary product brands include:
Alaris IV infusion systems that feature the company's proprietary Guardrails software, an application that alerts the clinician when a parameter is outside the institution's pre-established limitations for that medication, thereby helping to reduce IV medication errors;
Pyxis automated medication dispensing systems that are designed to provide medication management and Pyxis automated medical supply dispensing systems;
AVEA and Pulmonetic Systems ventilation and respiratory products, and Jaeger and SensorMedics pulmonary products;
ChloraPrep products that help prevent vascular and surgical-site infections and MedMined software and surveillance services that help target and reduce hospital-acquired infections (HAIs); and
V. Mueller surgical instruments and related products and services.
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CareFusion's separation from Cardinal Health was completed on 31st August 2009. In connection with the spin-off, CareFusion distributed a cash dividend in the amount of US$1,374 million to Cardinal Health, and Cardinal Health contributed the majority of the businesses comprising its Clinical and Medical Products segment to CareFusion and distributed approximately 81% of the company's outstanding common shares to its shareholders. Cardinal Health retained approximately 19% of CareFusion's outstanding common shares. As a condition to the separation, Cardinal Health is required to dispose of the remaining 19% of CareFusion's common shares within five years of the distribution date.
Certain lines of business that manufacture and sell surgical and exam gloves, drapes and apparel and fluid management products in the US market, that were historically managed by CareFusion prior to the spin-off and were part of the Clinical and Medical Products business of Cardinal Health, were retained by Cardinal Health. CareFusion has an agreement with Cardinal Health to distribute these products in international markets.
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