Cardinal says it paid undisclosed amount for radiologic dye and scanning company Biotech
By APMonday, August 3, 2009
Cardinal Health buys imaging company Biotech
DUBLIN, Ohio — Cardinal Health Inc. said Monday it agreed to buy radiologic imaging company Biotech for an undisclosed amount.
Biotech operates nuclear pharmacies and positron emission tomography cyclotrons, which will be added to Cardinal’s national network. Nuclear pharmacies make and distribute radioactive dyes. Those dyes are used in PET scans, which can test for abnormal functions in the brain or heart.
Cardinal Health said the acquisition is complete. Biotech operates four nuclear pharmacies in Arizona, Nevada, New Mexico and Texas. The company said it already has 160 nuclear pharmacies and 26 PET facilities. In afternoon trading, Cardinal Health shares dipped 12 cents to $33.18.
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