Profile: Cardinal Health Inc (CAH)
3 Jun 2015
Cardinal Health, Inc., incorporated on May 16, 1979, is a healthcare services company providing pharmaceutical and medical products and services that help pharmacies, hospitals and other healthcare providers focus on patient care. The Company reports its financial results in two segments: Pharmaceutical and Medical. At June 30, 2014, the Company had approximately 23,900 employees in the United States and approximately 10,100 employees outside of the United States.
In the United States, the Pharmaceutical segment, distributes branded and generic pharmaceutical, over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers (including chain and independent drug stores and pharmacy departments of supermarkets and mass merchandisers), hospitals and other healthcare providers. The Company’s franchises retail pharmacies under the Medicine Shoppe and Medicap brands; It operates nuclear pharmacies and cyclotron facilities through its Nuclear Pharmacy Services division that manufacture, prepare and deliver radiopharmaceuticals for use in nuclear imaging and other procedures in hospitals and physician offices; and distributes specialty pharmaceutical products, provides services to pharmaceutical manufacturers, third-party payers and healthcare providers supporting the development, marketing, distribution and payment for specialty pharmaceutical products, and operates specialty pharmacies through its Specialty Solutions division. In China, the Pharmaceutical segment distributes branded, generic and specialty pharmaceutical, over-the-counter healthcare and consumer products as well as provides logistics, marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. In July 2014, the Company established Red Oak Sourcing, LLC (Red Oak Sourcing), a United States-based generic pharmaceutical sourcing entity with CVS Caremark Corporation (CVS) with an initial term of 10 years. Both companies have contributed sourcing and supply chain expertise to the 50/50 joint venture. The Company’s Specialty Solutions division distributes oncology, rheumatology, urology and other pharmaceutical products (specialty pharmaceutical products) and human-derived plasma products to hospitals, physician offices and other healthcare providers; provides consulting, patient support, logistics and other services to pharmaceutical manufacturers, third-party payers and healthcare providers primarily supporting the development, marketing, distribution and payment for specialty pharmaceutical products; and operates specialty.
The Medical segment distributes a range of medical, surgical and laboratory products to hospitals, ambulatory surgery centers, clinical laboratories, physician offices and other healthcare providers in the United States, Canada and China and to patients in the home in the United States through the Company’s Cardinal Health at Home division (Home division), which was formerly known as AssuraMed division. This segment also manufactures, sources and develops its own line of private brand medical and surgical products. Manufactured products include: single-use surgical drapes, gowns and apparel; exam and surgical gloves; and fluid suction and collection systems. The segment also manufactures extravascular closure devices. This segment also assembles and offers sterile and non-sterile procedure kits. The Company’s manufactured products are sold directly or through third-party distributors in the United States, Canada, Europe and other regions internationally. In addition, the segment provides supply chain services, including spend management, distribution management and inventory management services, to healthcare providers.
In the United States, at June 30, 2014, the Pharmaceutical segment operated 21 primary pharmaceutical distribution facilities and one national logistics center; three specialty distribution facilities; and over 140 nuclear pharmacy facilities. The Medical segment operated 60 medical-surgical distribution, assembly, manufacturing and other facilities. The Company’s United States operating facilities are located in 45 states and in Puerto Rico.
The Company competes with McKesson Corporation and AmerisourceBergen Corporation, Owens & Minor, Inc. and Medline Industries, Inc.
Cardinal Health Inc
7000 Cardinal Pl
DUBLIN OH 43017-1091