PROVIDENCE, R.I. (AP) -- Nautic Partners LLC completed the sale of medical device company Medegen LLC, the private equity firm said Tuesday.
CareFusion Corp. acquired the company for $225 million in cash.
Medegen, based in Ontario, CA, manufactures and markets disposable intravenous therapy products under the Maximus and KippMed brands.
The company also provides contract manufacturing to other medical device manufacturers and pharmaceutical companies.
San Diego-based CareFusion, also a medical device company, was spun off from Cardinal Health in August. The purchase of Medegen was its first acquisition since the spinoff.
In midday trading, CareFusion shares added 31 cents to $25.86.
