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news.Cardinal Health, a provider of products and services that improve the safety and productivity of healthcare, has selected a new name for the medical technology company that will be formed through the proposed spinoff of its clinical and medical products businesses.
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Cardinal Health said that the new company will be named CareFusion, reflecting a diverse blend of medical technologies the company will offer to improve the safety and quality of care. The new company will be headquartered in San Diego.
According to Cardinal Health, existing trademark ownership will accelerate the company’s ability to quickly transition to the new brand after the spinoff is complete, which is currently anticipated to be in the middle of the calendar year. Products currently carrying the CareFusion brand will be transitioned to the Pyxis brand, which is the recognized provider in safe and secure medication dispensing.
David Schlotterbeck, vice chairman of Cardinal Health and future CEO of CareFusion, said: “CareFusion is a name that clearly communicates our ability to bring together technologies that improve patient safety and streamline the care process. Not only will CareFusion be an immediate market leader in medication safety and infection prevention, we will put a substantial emphasis on innovation and clinical differentiation to continue to serve this growing segment of the global health care industry.”