KKR teamed with Duke Rohlen in late 2020 to launch Zeus Health, a $100 million platform that invests in medical device companies. Stephen Mason in 2019 replaced Jon Giacomin as CEO of Cardinal Health's medical segment and was tasked with addressing the operational and supply chain issues created by the acquisition of Cordis from J&J.Ĭordis manufacturing sites in Miami Lakes, Florida, Santa Clara, California, and Juarez, Mexico, will transition to H&F, whose partners in the deal include investment firm Ajax Health and startup Zeus Health. ![]() Additional costs of up to $125 million are anticipated to be incurred primarily in fiscal years 20. The company reported last month that s econd-quarter revenue for its medical segment increased 7% to $4.3 billion, driven by a net positive impact from COVID-19.Ĭardinal expects the Cordis divestiture to result in a pre-tax loss of up to $120 million in the third quarter of its fiscal year 2021. Available on the App Store, Google Play and itch.io. The full version contains 500 unique, carefully handcrafted puzzles, each with a single solution. This is the demo version containing the first 100 puzzles. Cardinal Chains is a minimalist puzzle game centering on the concept of non-decreasing sequences. ![]() The exec also said Cardinal remains committed to its medical distribution and global medical products businesses, with a product portfolio generally more oriented around the operating and recovery rooms, including compression, enteral feeding, and wound care gauze dressings.Ĭardinal's customers for its medical product and supply chain services include hospitals, laboratories, physician offices, surgery centers, as well as patients in the home. Cardinal Chains, a free online Puzzle & Skill game brought to you by Armor Games. Another 31 lawsuits involving similar claims by approximately 36 plaintiffs are pending in other jurisdictions.Ĭardinal CEO Mike Kaufmann said in a statement the decision to divest Cordis was based on efforts to focus resources on strategic growth areas "where we are an advantaged owner." In July, Cardinal was named as a defendant in 334 product liability lawsuits coordinated in Alameda County Superior Court in California involving claims by approximately 4,280 plaintiffs that allege personal injuries associated with the use of Cordis OptEase and TrapEase inferior vena cava filter products. ![]() Cordis, which makes medical devices for diagnostics and interventional procedures to treat patients with coronary and peripheral vascular diseases, is an approximately $750 million revenue business.īut it's produced its share of headaches for Cardinal.
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