Cardinal Health has reported the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed acquisition of Kinray, a pharmaceutical distributor serving the New York metropolitan area.
Cardinal Health anticipates to close the Kinray transaction shortly.
Headquartered in Dublin, Ohio, Cardinal Health is a health care service company that improves the cost-effectiveness of health care.
Cardinal Health helps pharmacies, hospitals, ambulatory surgery centers and physician offices focus on patient care while reducing costs, improving efficiency and quality, and increasing profitability.
Cardinal Health is also a manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products.
In addition, the company supports the diagnostic industry by supplying medical products to clinical laboratories and operating the nation’s network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease.