Press Release

Kirkland Advises Hellman & Friedman on Acquisition of Cordis Business from Cardinal Health

Kirkland & Ellis advised Hellman & Friedman (H&F) on its acquisition of Cardinal Health’s Cordis business for approximately $1 billion, which includes buyer's assumption of certain liabilities and seller's retention of certain working capital accounts. The transaction is expected to close in the first half of Cardinal Health's fiscal year 2022, subject to customary closing conditions and regulatory clearances.

Read the Cardinal Health press release

The Kirkland team was led by corporate partners Kyle Elder, Rick Campbell, Matthew O’Brien and associate Jordan Turban, along with debt finance partners David Nemecek and Austin Glassman.