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Cardinal Health, Inc. is an American multinational health care services company, and the 14th highest revenue generating company in the United States. Headquartered in Dublin, Ohio , the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations.
He renamed the company Cardinal Health. [5] By 1983, the company went public and, under Walter's direction, achieved $1 billion in revenue in 1991. [6] In subsequent years, the company experienced extraordinary growth, "one of a handful of large U.S. companies that had achieved earnings-per-share growth in excess of 20 percent for 15 years ...
In 1996, Cardinal Health acquired PCI of Philadelphia, Pennsylvania, a pharmaceutical contract packing service for commercial and clinical packaging. [3] [4]In 1998, Cardinal Health acquired R.P. Scherer Corporation of Troy, Michigan for $2.2 billion; it was founded by Robert Pauli Scherer to commercialize his innovation of softgel encapsulation using the rotary die production process.
CareFusion was created in 2009 as a spinoff of medical technology businesses from Cardinal Health. [1] It began publicly trading on the New York Stock Exchange on September 1, 2009. [ 2 ] Cardinal's core business was drug distribution , a low-margin and low-risk, predictable business, with which the higher-margin, higher-risk medical technology ...
Pyxis Corporation was a San Diego company co-founded by Ronald R. Taylor and investor Tim Wollaeger in 1987. The company is the first to develop MedStation products in 1990 and is also a market leader for automated medication management, [1] developing an automated dispensing cabinet under the name Pyxis. [2]
In 2015, Cardinal Health acquired the Cordis business from Johnson & Johnson for $1.944 billion. [ 6 ] [ 7 ] On March 31, 2017, Cardinal Health announced two new strategic agreements that enabled Cordis, Cardinal Health's interventional vascular business, to expand its cardiology product offering in China.
In 2008, Barrett joined Cardinal Health, Inc. as vice chairman and CEO of Healthcare Supply Chain Services. [3] He became the chairman and chief executive officer of the company in 2009. [ 3 ] [ 8 ] As of September 2016, Barrett is reported to own over 0.5 million of Cardinal Health shares worth of approximately US$42 million.
It has a business affiliation with Cardinal Health, which sponsors the network and owns the name "Leader Drug Stores". [1] [2] Cardinal Health also owns the franchise chain The Medicine Shoppe. It operates like a retailers' cooperative, though it is not owned by its members. [3]