Cardinal Health Inc Company Profile

Sr. No.

Item

Description

1

Company Name

Cardinal Health, Inc.

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Website

www.cardinalhealth.com

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Established Date

1971

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Headquartered

United States

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Market Position/ History

Cardinal Health, Inc. was founded in 1971 and is headquartered in Dublin, Ohio. It is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for healthcare facilities. In 1996, Cardinal Health acquired Pyxis Corporation, and in 199, the company acquired the Chicago-based medical products manufacturer and distributor.

In 2009, Cardinal Health completed the spin-off of its clinical and medical products businesses into an independent medical technology company called CareFusion with David Schlotterbeck as CEO. Further, in 2013, the company announced a partnership with CVS Caremark to form a generic drug-sourcing operation in the United States. Thereafter, in 2017, the company announced the plan to acquire to acquire the patient product portfolio from Medtronic for $6.1 billion, and The acquisition was completed on July 30, 2017.

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Sales Area

Worldwide

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Ticker

NYSE

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No. of Employees

~48,000 employees

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Competitors

• CuraScript Special
• Smith Drug Company
• PHOENIX PHARMA
• SUZUKEN CO LTD
• Shanghai Pharmaceuticals Holding Co Ltd
• Fortessa Pharma Private Limited
• Prodigy Health Supplier Corporation
• A.F. Hauser Pharmaceutical Inc.

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CEO

Jason Hollar

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Ownership Type

Public

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Contact Information

7000 Cardinal Place Dublin, OH 43017

Tel: 614.757.5000

Product

Description

ValueLink Distribution Service

ValueLink helps hospitals contain distribution costs, streamline supply processes, and reduce supply inventory by distributing products in the most logical (low) unit of measure (LUM) possible — organized by point of use. From dock to stock, ValueLink offers solutions to save time and money. Learn how to optimize your supply chain with a Logical Unit of Measure (LUM).

How ValueLink works

ValueLink eliminates two of those steps. Product bypasses the central store, so there’s no need to stock or pick products for distribution. Instead, ValueLink configures deliveries in totes based on specific demand and delivers them organized by department or points of care. The result is fewer touch points, lower storage needs, reduced overstocks and expired products, and better use of staff time.

Velocare Distributed Supply Chain

The company created Velocare, a solution designed to help streamline the complexities of scaling and managing care-at home programs by providing end-to-end logistics and inventory management.

Offerings under Velocare include:

• Medical supplies
• Durable medical equipment
• Medical waste
• Nutritional support
• Medical gases
• Asset management
• General courier services
• And more

Remote Pharmacy Services

This service offered by the company includes 24/7 remote support for the pharmacy

This service provides

• Serve more than 450 inpatient pharmacies and over 500 retail pharmacies
• Process more than 8 million orders annually
• Co-authored ASHP’s Guidelines for Remote Order Processing
• Hospital-trained clinical pharmacists with 30+ clinical competencies, including ASHP
• Support more than 22 pharmacy information systems and maximize efficiencies of CPOE systems
• Clinical dosing services based on the hospital’s specific policies and procedures

OptiFreight Logistics

Through this service, the company offers healthcare shipping, freight management, and logistics management services to the hospital, integrated delivery networks, labs, surgery centers or pharmacies.

Through this service, the company manages 20 million inbound, outbound and intra-facility shipments annually

Year

Latest News

January 2024

Cardinal Health announced that it would acquire Specialty Networks and its PPS Analytics platform, a technology-enabled multi-specialty group purchasing and practice enhancement organization

Cardinal Health announced that it has entered into a definitive agreement to acquire Specialty Networks, a technology-enabled multi-specialty group purchasing and practice enhancement organization for $1.2B in cash. Specialty Networks creates clinical and economic value for independent specialty providers and partners across multiple specialty GPOs: UroGPO, Gastrologix and GastroGPO, and United Rheumatology.  

April 2024

Cardinal Health announced the location of a pharmaceutical distribution center for over-the-counter products

Cardinal Health announced that construction has begun for a new 350,000 square-foot logistics center in Columbus, Ohio, that will serve as a centralized replenishment center for the distribution of over-the-counter consumer health products in support of its core pharmaceutical business.