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Cardinal Health Buys Majority Share of Guangzhou Baiji Xinte Drug Store

publication date: Nov 29, 2013
Cardinal Health, the second largest drug/medical device distributor in the US, has purchased a majority interest in Guangzhou Baiji Xinte Drug Store. Both companies confirmed the transaction, though no details have been released. Guangzhou Baiji Xinte has 19 retail drug stores in China. Cardinal, which uses M&A to establish regional footholds, seems determined to become a major player in the rollup of China’s highly fragmented drug distribution industry. More details....

Stock Symbol: (NYSE: CAH)

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