SAN DIEGO, August 28, 2002 – Vistant Corporation, a subsidiary of Cardinal Health, Inc. (NYSE: CAH) and a division of its Automation and Information Services segment, announced today the acquisition of the assets and certain liabilities of Atlantes, Inc., a Silicon Valley-based technology firm. Terms of the transaction were not disclosed.
Atlantes is a service parts logistics company that specializes in developing wireless, Internet-enabled systems to automate the management of inventory and service parts in stockrooms, microwarehouses and storage cabinets. Vistant, a leader in industrial point-of-use automation, will integrate the Atlantes SmartSpace systems into its line of products and services. In addition, Pyxis Corporation, a Cardinal Health subsidiary specializing in automated dispensing systems, plans to use the acquired capabilities to extend its market leadership position and enhance its ability to help health care providers manage their on-site supplies.
This acquisition furthers Cardinal Health's strategy of providing proprietary products and services that reinforce the company's market-leading position in automation and information services while leveraging its global scale and superior resources to deliver exceptional value to customers.
“Atlantes has developed a unique, patented system with applications in both industrial and health care markets,” said Stephen S. Thomas, group president of the Automation and Information Services segment of Cardinal Health. “Industrial firms and health care organizations must support many critical, high-tech systems throughout their facilities. These systems usually require extensive on-site repairs and parts. Atlantes offers an easy-to-use system that will help Vistant’s customers reduce their high-volume inventory, streamline their logistics and minimize their associated labor costs -- capabilities that fit well with our core business. Likewise, in health care, the Atlantes system will enable Pyxis to offer customers added flexibility in hospital supply and inventory management.”
San Diego-based Vistant offers a diverse line of products ranging from quick access, open-shelving systems to high-security, computerized dispensing cabinets. Vistant’s point-of-use procurement, materials management and information management technologies are designed to revolutionize the way direct materials, MRO supplies, tools, parts and chemicals are managed within factories, laboratories, research centers and production facilities. All Vistant products are Web-enabled, providing real-time inventory and usage reports. Additional information about this technology is available at www.vistantcorp.com.
A subsidiary of Dublin Ohio-based Cardinal Health, San Diego-based Pyxis Corporation (www.pyxis.com) was established in 1987 with a simple objective: to revolutionize the way medication and supplies are distributed within health care facilities. Pyxis automated dispensing technology allows health care providers to streamline the medication and medical supply distribution process, cut costs and save time, and enables pharmacists and nurses to direct more energy to clinical solutions resulting in better patient care. Pyxis currently serves more than 4,500 customers worldwide.
About Cardinal Health
Cardinal Health, Inc. (www.cardinal.com) is the leading provider of products and services supporting the health care industry. Cardinal Health companies develop, manufacture, package and market products for patient care; develop drug-delivery technologies; distribute pharmaceuticals, medical-surgical and laboratory supplies; and offer consulting and other services that improve quality and efficiency in health care. Headquartered in Dublin, Ohio, Cardinal Health employs more than 49,000 people on five continents and produces annual revenues of more than $44 billion. Cardinal Health is ranked #23 on the current Fortune 500 list and was named one of the “The World’s Best” companies by Forbes magazine in 2002.
Except for historical information, all other information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. The most significant of these uncertainties are described in Cardinal Health’s Form 10-K, Form 8-K and Form 10-Q reports and exhibits to those reports, and include (but are not limited to) the costs, difficulties, and uncertainties related to the integration of acquired businesses, the loss of one or more key customer or supplier relationships, changes in the distribution outsourcing patterns for health-care products and/or services, the costs and other effects of governmental regulation and legal and administrative proceedings, and general economic conditions. Cardinal undertakes no obligation to update or revise any forward-looking statements.