CareFusion Corp., a San Diego-based medical device company, reported May 17 that it completed its acquisition of Medegen Inc. for $225 million in cash. Medegen makes equipment for delivering medicine intravenously. The company is based in Ontario and has a plant in Tijuana.
CareFusion trades on the New York Stock Exchange as CFN. Its 52-week range, as of May 17, was $17.25 to $30.08. Shares closed at $25.55 on May 17.
Medegen is CareFusion’s first acquisition since its September spinoff from Cardinal Health.
— Brad Graves