Close the divestiture of the Cordis business
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
- 6 May 2021
- Due
- 30 Sep 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The company anticipates the transaction to close in the first quarter of fiscal 2022.”
What we found
Evidence strength A What the grades mean
The Q1 fiscal 2022 10-Q reports $927 million in proceeds received from the Cordis divestiture and an impact on the quarter ended September 30, 2021, indicating the sale closed within the deadline quarter.
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A Cardinal Health 10-Q filed 2021-11-09
“partially offset by proceeds of $927 million, net of cash transferred, received from the divestiture of the Cordis business.” ✓ confirmed on the page
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A Cardinal Health 10-Q filed 2021-11-09
“As anticipated, Medical segment revenue and Medical segment profit were adversely impacted during the three months ended September 30, 2021 due to the divestiture of the Cordis business.” ✓ confirmed on the page
Market reaction: the shares moved +1.6% against the S&P 500 over the three sessions around the disclosure (8 Nov 2021 to 11 Nov 2021). 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
- Cordis business divestiture
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- High
- Specificity
- High
- Conditional
- Yes: subject to regulatory approval
- 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-005398 · Corrections policy