Cardinal Health (CAH) Unit to Acquire Futuremed in C$165M Deal

Futuremed Healthcare Products Corporation and Cardinal Health Canada Inc. announced today that they have entered into a support agreement pursuant to which Cardinal Health Canada has agreed to make a cash take-over bid to acquire all of the outstanding shares of Futuremed for CAD $8.15 per share. Cardinal Health Canada is a wholly-owned subsidiary of Cardinal Health, Inc. (NYSE: CAH). The estimated value of the transaction is CAD $165 million.

The Offer is subject to a minimum of 66 2/3% of the outstanding common shares of Futuremed being deposited to the Offer. The transaction is also subject to receipt of certain regulatory approvals and other customary conditions. Terms of the support agreement include the payment of a CAD $4.6 million termination fee to Cardinal Health if the transaction does not proceed in certain circumstances.

Pending satisfaction of the closing conditions, the Offer is expected to close by the first quarter of the 2012 calendar year. CIBC World Markets Inc. and JMP Securities LLC acted as financial advisors and Goodmans LLP acted as legal counsel to Futuremed on the transaction; Stikeman Elliott LLP acted as legal counsel to Cardinal Health and Cardinal Health Canada on the transaction.

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