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Cardinal Health Canada Inc. Mails Offer and Take-Over Bid Circular to Futuremed Shareholders
Date:11/14/2011

TORONTO, Nov. 14, 2011 /PRNewswire/ -- Futuremed Healthcare Products Corporation ("Futuremed") (TSX: FMD) and Cardinal Health Canada Inc. ("Cardinal Health Canada"), a wholly-owned subsidiary of Cardinal Health, Inc. (NYSE: CAH), announced today that Cardinal Health Canada has commenced its offer to acquire all of the outstanding common shares ("Common Shares") of Futuremed for CAD $8.15 per Common Share in cash (the "Offer") and mailed the Offer and take-over bid circular to Futuremed shareholders. The directors' circular of the board of directors of Futuremed has been mailed concurrently with the Offer and take-over bid circular.

After careful consideration, the board of directors of Futuremed determined unanimously, upon the recommendation of a special committee of independent directors and after consultation with its financial and legal advisors, including its receipt of a fairness opinion from CIBC World Markets Inc., that it is in the best interests of Futuremed to support and facilitate the Offer, to enter into a support agreement with Cardinal Health Canada and Cardinal Health, Inc. in respect of the Offer and recommend that Futuremed shareholders deposit their Common Shares to the Offer.

The Offer will be open for acceptance until 8:00 p.m. (Eastern) on December 20, 2011, unless extended, and is conditional upon, among other things, customary regulatory approvals and there having been validly deposited (and not withdrawn) at least 66 2/3% of the outstanding Common Shares (on a fully-diluted basis). Full details of the Offer are contained in the take-over bid circular of the Offeror and the Futuremed directors' circular, copies of which are available under Futuremed's profile at www.sedar.com.

CIBC Mellon Trust Company is the depositary for the Offer. Shareholders can obtain copies of the tak
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SOURCE Cardinal Health Canada Inc.
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