What is Cardinal Health's business model?
Business model of Cardinal Health
- Customer Segments. Cardinal Health provides a range of pharmaceutical and medical products and services, principal serving customers in the pharmaceutical sector.
- Value Propositions. ...
- Channels. ...
- Customer Relationships. ...
- Key Activities. ...
- Key Partners. ...
- Key Resources. ...
Who owns Cardinal Health?
In March 2015, Cardinal Health signed an agreement to acquire Johnson & Johnson 's Cordis (medical) division, a cardiology and endovascular device manufacturer, for $1.94 billion. The acquisition was completed on October 4, 2015. Cardinal sold the division in August 2021 to Hellman & Friedman, a private equity firm, for $1 billion.
Is Cardinal Health a wholesaler?
The Pharmaceutical Wholesaler Program facilitates MMCAP Infuse member receipt of applicable services from the MMCAP Infuse contracted pharmaceutical wholesalers. MMCAP Infuse contracted pharmaceutical wholesalers are AmerisourceBergen, Cardinal Health and Morris & Dickson.
How much does Cardinal Health production?
How much does a Production Operator make at Cardinal Health in the United States? Average Cardinal Health Production Operator yearly pay in the United States is approximately $33,360, which is 17% below the national average. Salary information comes from 1 data point collected directly from employees, users, and past and present job ...
See more
Does Cardinal Health make pharmaceuticals?
We offer high-quality, cost-efficient pharmaceuticals. Whether it's time-sensitive radiopharmaceuticals, specialty pharmaceuticals, newly launched generics, or over-the-counter medicines, our products meet the many diverse needs of providers.
Does Cardinal Health sell drugs?
Cardinal Health Specialty Pharmaceutical Distribution offers an extensive portfolio of limited distribution drugs (LDDs), plasma derivatives, and other specialty pharmaceuticals for hospitals, specialty physician practices, specialty pharmacies, and alternate sites of care.
What products does Cardinal Health make?
Medical Products and SuppliesAnesthesia Supplies & Products.Compression.Durable Medical Equipment.Enteral Feeding Tubes and Devices.Gloves.Infection Control.Laboratory Products.
Is Cardinal a specialty pharmacy?
Through our Cardinal Health Specialty Pharmaceutical Distribution (SPD) business, we work with your specialty pharmacy to identify your unique challenges, generate insights, and provide the products, technologies and knowledge you need.
What kind of drug test does Cardinal Health use?
For the drug test, Cardinal Health recommends our retail pharmacy customers use a hair drug test. Although a bit more expensive than urine tests, hair tests are extremely difficult to defeat, and are thus more effective in helping to ensure your applicants are drug-free.
Is Cardinal Health ethical?
Cardinal Health is committed to observing high standards of ethical conduct in its operations in the U.S. and around the world. This includes complying with applicable laws that prohibit bribery and other forms of corrupt conduct in the countries in which we operate.
Why is Cardinal Health being sued?
Cardinal Health sued in October 2020, alleging National Union had failed to provide coverage for any of the opioid lawsuits on various grounds, including that Cardinal Health had to exhaust other policies and that the conduct alleged in the lawsuits – failing to report or stop suspicious opioid orders – is not an " ...
Who is Cardinal Health biggest competitors?
Top Competitors of Cardinal HealthMcKesson Corp. 75,000. $264 Billion.Medline Industries Inc. 30,000. $20 Billion.AmerisourceBergen Corp. 38,000. $229 Billion.Henry Schein Inc. 22,000. $12 Billion.Owens & Minor Inc. 17,300. $9 Billion.Baxter International Inc. 60,000. $13 Billion.
What are pharmaceuticals?
pharmaceutical, substance used in the diagnosis, treatment, or prevention of disease and for restoring, correcting, or modifying organic functions.
What is meant by specialty pharmacy?
Specialty pharmacies deal with medications not typically found in retail pharmacies. These medications are usually high-cost products used to treat complex diseases. This includes chronic and rare conditions. Oral, injectable and infused medications are dispensed and regular follow-up is provided.
Does CVS own Cardinal Health?
Purchases by CVS Health account for about 30% of Cardinal's U.S. drug distribution business. Cardinal's sales to CVS Health have grown along with CVS's retail pharmacy revenues: CVS Health's retail pharmacy businesses is among the largest in the industry.
Does CVS use Cardinal Health?
Cardinal Health Extends Pharmaceutical Distribution Agreements with CVS Health. DUBLIN, Ohio, Aug. 11, 2021 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that it has extended its agreements with CVS Health to distribute pharmaceuticals to retail pharmacies and distribution centers through June 30, 2027.
Is Cardinal Health a wholesaler?
The company changed its name to Cardinal Health in 1994, and became the third-largest pharmaceutical wholesaler in the United States.
What is Cardinal Health used for?
Cardinal Health, Inc. is a healthcare services company providing pharmaceutical and medical products and services that help pharmacies, hospitals, surgery centers, physician offices and other healthcare providers focus on patient care while reducing costs, enhancing efficiency and improving quality.
Who is the wholesaler for CVS?
McKessonNote that McKesson has remained the primary wholesale supplier of brand-name drugs to CVS pharmacies within Target stores following that 2015 transaction.
Why is Cardinal Health selling Cordis?
Cardinal CEO Mike Kaufmann said in a statement the decision to divest Cordis was based on efforts to focus resources on strategic growth areas “where we are an advantaged owner.”
What company did Cardinal Health acquire?
The merger represented the first non-distribution acquisition by Cardinal Health. In 1996, Cardinal Health acquired Pyxis Corporation, a company that developed automated pill dispensers for hospitals, for $867 million. In a 1997 competition between Cardinal Health and McKesson Corporation, Cardinal Health planned to purchase Bergen, ...
Where is Cardinal Health located?
Its headquarters are based in Dublin, Ohio and Dublin, Ireland (EMEA). The company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations.
What is Cardinal Health Foundation?
The Cardinal Health Foundation is the charitable arm of Cardinal Health. The company makes annual product donations of over $9 million through international relief organizations and provides up to $1,000 in matching funds for every Cardinal Health employee that makes a charitable donation. In 2008, the foundation established its E3 Grant Program. Over the past seven years, the Foundation has invested more than $7.15 million in funding to 241 hospitals, health systems or other health-related organizations.
How much did Cardinal pay in 2021?
In 2019, Cardinal was one of several drug distributors named in lawsuits related to the opioid crisis in the US. In July 2021, Cardinal Health and other pharmaceutical companies agreed to participate in a $26 billion settlement. Cardinal will pay $6.4 billion over 18 years.
How much is Cardinal Health worth in 2020?
Cardinal Health's shares traded at over $51 per share, and its market capitalization was valued at over US$14.97 billion in August 2021.
When did Cardinal Health buy Bergen Brunswig?
In 1997 Cardinal Health planned to purchase Bergen Brunswig Corp., to which McKesson Corporation responded with a bid to purchase Amerisource. Instead, Amerisource and Bergen merged into AmerisourceBergen. Later that year, Cardinal Health completed the acquisition of Owen Healthcare, the second-largest provider of pharmacy management services in the U.S. at the time.
When did Cardinal Health start buying generic drugs?
Cardinal Health teamed up with CVS to form Red Oak Sourcing, the largest generic drug sourcing operation in the United States, in July 2014, when the companies started buying generic drugs around the world to sell in U.S. markets.
COVID-19 increases VTE risk
A current or recent COVID-19 infection increases a patient's risk of VTE. Help protect them with the latest prevention recommendations.
2021 NCPA Digest: A roadmap for independent community pharmacies
The latest NCPA Digest offers important findings for the independent community pharmacy market.
Cardinal Health Addresses the Opioid Crisis
Learn about the Cardinal Health Board of Directors’ response to the opioid epidemic and oversight of opioid-related matters.
Overview
History
Founded in 1971 as Cardinal Foods by Robert D. Walter, the company was initially a food wholesaler. After acquiring the Bailey Drug Company in 1979, it began whole selling drugs. The company went public on the NASDAQ stock exchange in 1983.
In 1988, Walter sold Cardinal Health's food operations to Roundy's. From 1991 to 1996, the company's sales grew from $1.2 billion to $8.9 billion. The company changed its name to Cardin…
Controversy
In September 2004, Cardinal Health announced plans to restate past results for fiscal 2001, 2002, 2003, and the first three quarters of 2004 downward, after an accounting review and an ongoing federal investigation. In 2005, in connection with the Audit Committee's conclusions reached in September and October 2004, the company made certain reclassification and restatement adjustments to its fiscal 2004 and prior historical consolidated financial statements. According to The …
Cardinal Health Foundation
The Cardinal Health Foundation is the charitable arm of Cardinal Health. The company makes annual product donations of over $9 million through international relief organizations and provides up to $1,000 in matching funds for every Cardinal Health employee that makes a charitable donation. In 2008, the foundation established its E3 Grant Program. Over the past seven years, the Foundation has invested more than $7.15 million in funding to 241 hospitals, he…
External links
• Official website
• Business data for Cardinal Health Inc: