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On an adjusted basis, Cardinal Health reported a profit of $2.08 per share, beating expectations of $1.95 per share. (Reporting by Mariam Sunny in Bengaluru; Editing by Devika Syamnath)
Cardinal Health, Inc. 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. [4]
The Optum contracts, signed in 2015, contributed 16% of Cardinal's total revenue in fiscal year 2023, but the bulk of the shipments mainly comprised non-specialty medicines, Cardinal Health said.
Cardinal Health stock initially popped on Tuesday but lost ground along with the broader market. The stock is up 18% year to date. The sharp demand in obesity drugs has caused shortages
Robert D. Walter (born 1944) is an American businessman best known for his role in the creation of Cardinal Health. Early life [ edit ] Walter graduated from St. Charles Preparatory School in Columbus, Ohio , [1] and received a B.A. degree from Ohio University in 1967. [2]
Medline Industries, LP is an American private healthcare company headquartered in Northfield, Illinois.In June, 2021 it was acquired by a consortium of private equity firms Blackstone, Carlyle and Hellman & Friedman valuing the company at $34 billion in one of the largest leveraged buyouts of all time.
In the quest to find great investments, most investors focus on earnings to gauge a company's financial strength. This is a good start, but earnings can be misleading and incomplete. To get a ...
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 ...