On heels of Cordis acquisition, Cardinal Health CEO says he wants to keep growing in the device arena

Bloomberg TV's Olivia Sterns asked the question on many people's minds when she asked the CEO of Dublin, OH-based Cardinal Health, George Barrett, why the drug wholesaler's purchase of devicemaker Cordis makes sense. "Where's the synergy?" she queried. He answered that the "announcement is a really major move for us, a huge step forward in our strategy around the cardiovascular world." Expect more medical device moves. "It's really an area that we will to continue to grow in. With a very particular focus around those areas where there tends to be a mature product line, and where we think we can bring wraparound services to add value, help standardization and improve outcomes." he said. Discussing med tech merger mania, he reiterated a theme that FierceMedicalDevices has often stressed, saying, "we're going to see companies reevaluating their portfolio, sort of doubling down where they think they're going to be most effective, and then looking carefully at the other areas." Watch the video