CareFusion
Encyclopedia
CareFusion is a global, medical technology
corporation serving the health care industry. The company specializes in two areas: reducing medication errors and helping prevent health care-associated infections. The company manufactures health care technologies including Alaris IV pumps, Pyxis automated dispensing
and patient identification systems, AirLife, AVEA and LTV series of ventilators and respiratory products, ChloraPrep skin prep products, MedMined services for infection surveillance, V. Mueller and Snowden-Pencer surgical instruments
and NeuroCare diagnostic products.
CareFusion employs approximately 12,000 people worldwide.
on August 31, 2009. Businesses that were part of the Clinical and Medical Products segment of Cardinal Health were spun off to create CareFusion. CareFusion began publicly trading on the New York Stock Exchange
on September 1, 2009, with former CEO David Schlotterbeck. The company’s family of products includes brands used by more than 25,000 health care customers worldwide, including hospitals, ambulatory surgery centers, long-term care facilities, outpatient clinics
, governments and insurance providers
.
On May 17, 2010, CareFusion acquired Medegen, Inc. for US$ 225 million in cash
.
This was the company’s first completed acquisition
, and added needleless access connectors and administration sets that deliver intravenous (IV) medication
to patients to their portfolio of products.
On February 1, 2011, Kieran T. Gallahue was named CareFusion's chairman and CEO. Prior to this role, he was the president and CEO of ResMed
, a medical device company that focuses on sleep-related respiratory disorders.
Critical Care Technologies, which provides the following products:
Medical Technologies and Services, which provides the following products and services:
Medical technology
Medical Technology encompasses a wide range of healthcare products and is used to diagnose, monitor or treat diseases or medical conditions affecting humans. Such technologies are intended to improve the quality of healthcare delivered through earlier diagnosis, less invasive treatment options and...
corporation serving the health care industry. The company specializes in two areas: reducing medication errors and helping prevent health care-associated infections. The company manufactures health care technologies including Alaris IV pumps, Pyxis automated dispensing
Automated dispensing cabinet
An automated dispensing cabinet is a computerized drug storage device or cabinet designed for hospitals. ADCs allow medications to be stored and dispensed near the point of care while controlling and tracking drug distribution...
and patient identification systems, AirLife, AVEA and LTV series of ventilators and respiratory products, ChloraPrep skin prep products, MedMined services for infection surveillance, V. Mueller and Snowden-Pencer surgical instruments
Surgical instruments
A surgical instrument is a specially designed tool or device for performing specific actions of carrying out desired effects during a surgery or operation, such as modifying biological tissue, or to provide access for viewing it. Over time, many different kinds of surgical instruments and tools...
and NeuroCare diagnostic products.
CareFusion employs approximately 12,000 people worldwide.
History
CareFusion completed its spin-off from Cardinal HealthCardinal Health
Cardinal Health, Inc., is a Fortune 500 health care services company based in Dublin, Ohio. Cardinal Health specializes in health care supply chain services, providing pharmaceuticals and medical products to more than 40,000 locations each day. The company is also a manufacturer of medical and...
on August 31, 2009. Businesses that were part of the Clinical and Medical Products segment of Cardinal Health were spun off to create CareFusion. CareFusion began publicly trading on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
on September 1, 2009, with former CEO David Schlotterbeck. The company’s family of products includes brands used by more than 25,000 health care customers worldwide, including hospitals, ambulatory surgery centers, long-term care facilities, outpatient clinics
Clinic
A clinic is a health care facility that is primarily devoted to the care of outpatients...
, governments and insurance providers
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...
.
On May 17, 2010, CareFusion acquired Medegen, Inc. for US$ 225 million in cash
Cash
In common language cash refers to money in the physical form of currency, such as banknotes and coins.In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately...
.
This was the company’s first completed acquisition
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
, and added needleless access connectors and administration sets that deliver intravenous (IV) medication
Intravenous therapy
Intravenous therapy or IV therapy is the infusion of liquid substances directly into a vein. The word intravenous simply means "within a vein". Therapies administered intravenously are often called specialty pharmaceuticals...
to patients to their portfolio of products.
On February 1, 2011, Kieran T. Gallahue was named CareFusion's chairman and CEO. Prior to this role, he was the president and CEO of ResMed
ResMed
Founded in Australia, ResMed is now a global manufacturer of products for the treatment of sleep disorders, particularly obstructive sleep apnea . ResMed employs about 2700 employees worldwide, it has direct operations in 18 countries and distribution in more than 50 countries...
, a medical device company that focuses on sleep-related respiratory disorders.
Business Segments
CareFusion currently has two business segments:Critical Care Technologies, which provides the following products:
- Dispensing: Pyxis medication and supply automation products
- Infusion: Alaris Infusion pumpInfusion pumpAn infusion pump infuses fluids, medication or nutrients into a patient's circulatory system. It is generally used intravenously, although subcutaneous, arterial and epidural infusions are occasionally used....
and infusion safety products - Respiratory: AVEA and LTV series of ventilators and AirLife respiratory accessories
Medical Technologies and Services, which provides the following products and services:
- Infection Prevention and Surveillance: ChloraPrep CHG patient preoperative skin preparation and MedMined infection surveillance services
- Medical Specialties: V. Mueller and Snowden-Pencer surgical instruments, IMPRESS instrument tracking software, AVAmax and AVAflex brands for vertebroplastyVertebroplastyVertebroplasty and kyphoplasty are similar medical spinal procedure where bone cement is injected through a small hole in the skin into a fractured vertebra with the goal of relieving the pain of vertebral compression fractures...
and kyphoplasty procedures, Nicolet neurodiagnostic instruments and PleurX catheterCatheterIn medicine, a catheter is a tube that can be inserted into a body cavity, duct, or vessel. Catheters thereby allow drainage, administration of fluids or gases, or access by surgical instruments. The process of inserting a catheter is catheterization...
drainage products