Close the sale of the Cordis business to Hellman & Friedman
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 12 Mar 2021
- Due
- 31 Dec 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is expected to close in the first half of Cardinal Health’s fiscal year 2022”
What we found
Evidence strength A What the grades mean
Later filings state the Cordis business was sold to Hellman & Friedman in August 2021, before the December 31, 2021 deadline, though no exact day is given.
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A Cardinal Health 10-Q filed 2022-02-03
“In August 2021, we sold the Cordis business to Hellman & Friedman for proceeds of $927 million, net of cash transferred” ✓ confirmed on the page
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A Cardinal Health 10-K filed 2022-08-11
“In August 2021, we sold the Cordis business to Hellman & Friedman for proceeds of $923 million, net of cash transferred” ✓ confirmed on the page
Market reaction: the shares moved +4.2% against the S&P 500 over the three sessions around the disclosure (2 Feb 2022 to 7 Feb 2022). What this measures
Checked 10 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Sale of Cordis business
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to customary closing conditions and regulatory clearances
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-CAH-005396 · Corrections policy