About the Company
Founded in 1971, Cardinal Health is a Dublin, Ohio based multinational company dealing in healthcare services. It also has a separate headquarter in Dublin, Ireland with more than 100,000 operations in 46 countries across the globe. Over 50,000 employees work under its different branches, and as of 2020, it is one of the top 40 companies in the Fortune 500 list.
Cardinal Health specialises in the distribution of medical and pharmaceutical products and supplies them to over 75% of the hospitals in the United States. Cardinal Health also operates the largest network of radiopharmacies in the US. The company offers its services under six different categories, including home care, manufacturer, acute, payer, retail pharmacy, speciality physician practice.
Its products are divided into three sections Medical, Pharmaceutical and Consumer. Under the ‘Medical’ section, there are gloves, OEM medical speciality products, skin and wound management, enteral feeding tubes and devices, laboratory products, etc. Cardinal’s ‘Pharmaceutical’ products consist of specialty drugs, nuclear medicine, biosimilars therapy and influenza medicines. Lastly, under the ‘Consumer’ section, it offers personal care and home healthcare products.
Robert D. Walter founded Cardinal Health as ‘Cardinal Foods’ that initially operated as a food wholesaler. In 1979, it acquired Bailey Drug Company and began to wholesale drugs under the name Cardinal Distribution, Incorporated. It was after Walter sold the company’s food operations to Roundy’s in 1988 that the company officially took its current name, Cardinal Health in 1994. In 2009 its spin-off company CareFusion was introduced as an independent medical technology company.
It started trading in the NASDAQ stock exchange during 1983.It is trading in the New York Stock Exchange under the ticker symbol CAH.
Between 1995-2010 the company has undergone several mergers and acquisitions that have shaped its current structure. Some of the notable ones among them include Medicine Shoppe International in 1995, Allegiance Healthcare in 1999 and Kinray in 2010. From 2010 to 2014 the company managed to acquire 18 more companies. In 2015 it acquired Johnson & Johnson’s Cordis division for $1.94 billion, and in 2017 purchased Medtronic for $6.1 billion.
Over the years, Cardinal has achieved numerous recognitions like being indexed in the S&P 500 component list and inclusion in the 2020 Women on Boards company list. As of 2020, for 12 consecutive years, it has also been recognised as one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign’s Corporate Equality Index.;
|Organisation||Cardinal Health Inc|