VIASYS Healthcare is now a majority owned subsidiary of Cardinal Health and is expected to be a wholly owned subsidiary shortly.

The initial offering period for the tender offer expired with Cardinal holding more than 80% of the outstanding shares of VIASYS Healthcare. Cardinal Health will complete the acquisition of VIASYS by means of a merger. Once the merger is complete, VIASYS will be a wholly owned subsidiary of Cardinal Health.

The tender offer and merger plans were announced on May 14, in a transaction estimated at $1.5 billion, but the June 28 edition of the Wall Street Journal valued the deal at $1.42 billion.

The acquisition will expand Cardinal Health’s clinical and medical product offerings for global, acute-care customers and will also provide a range of complementary products to the company’s medical disposables business and will leverage its integrated hospital selling organization in the United States.