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Cardinal Health Canada Inc. Announces Expiry of Successful Bid for Futuremed
Date:2/17/2012

TORONTO, Feb. 17,2012 /PRNewswire/ -- Cardinal Health Canada Inc. ("Cardinal Health Canada"), a wholly-owned subsidiary of Cardinal Health, Inc. (NYSE: CAH), announced today that the offer by Cardinal Health Canada to acquire all of the outstanding common shares ("Common Shares") of Futuremed Healthcare Products Corporation ("Futuremed") (TSX: FMD) for CAD $8.15 per Common Share in cash (the "Offer") has expired.  

13,985,153 Common Shares have been validly deposited to the Offer.  As all of the conditions to the Offer have been satisfied, the Offeror has taken up and accepted for payment in accordance with the Offer all of the validly deposited Common Shares. The deposited Common Shares represent approximately 91.5% of the total issued and outstanding Common Shares on a fully diluted basis.  Cardinal Health Canada will pay for Common Shares validly deposited under the Offer and not withdrawn by providing the depositary, on or before Wednesday, February 22, 2012, sufficient funds for transmittal to shareholders.

As more than 90% of the Common Shares sought were deposited to the Offer, Cardinal Health Canada intends to acquire all of the remaining Futuremed Common Shares not deposited under the Offer pursuant to the compulsory acquisition provisions of the Business Corporations Act (Ontario) which transaction is expected to close by the end of March 2012. Cardinal Health Canada further intends to cause the Common Shares to be de-listed from the Toronto Stock Exchange and to cease to be a reporting issuer under applicable securities laws as soon as possible.

About Cardinal Health Canada

Cardinal Health Canada is headquartered in Toronto, Canada, with seven distribution centers across the country. It distributes medical and surgical products to healthcare providers across the Canadian healthcare system. It is a
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SOURCE Cardinal Health Canada Inc.; Cardinal Health
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