DUBLIN, Ohio — Cardinal Health has launched Outcomes, a digital ecosystem connecting pharmacists, payers and pharmaceutical companies to mitigate the challenges of medication non-adherence. Outcomes delivers digital health solutions for personalized medication therapy management, digital patient engagement, and telepharmacy, via its Connect platform, so these three customer groups can improve patient adherence to medication, drive
DUBLIN, Ohio — Cardinal Health announced that it has signed a definitive agreement to sell its Cordis business to Hellman & Friedman (H&F) for approximately $1 billion, which includes buyer’s assumption of certain liabilities and seller’s retention of certain working capital accounts. The transaction is expected to close in the first half of Cardinal Health’s
DUBLIN, Ohio — Cardinal Health today reported second-quarter fiscal year 2021 revenue of $41.5 billion, an increase of 5% from the second quarter of last year. Second-quarter GAAP operating earnings increased 38% to $461 million, primarily due to the beneficial comparison to the prior-year charge related to voluntary surgical gown recalls. GAAP diluted earnings per share
DUBLIN, Ohio — Cardinal Health has reported first quarter fiscal year 2021 revenues of $39.1 billion, an increase of 5% from the first quarter of last year. First quarter GAAP operating loss was $624 million due to a $1.0 billion pre-tax accrual related to opioid litigation. This quarter’s accrual is incremental to the $5.6 billion accrual recorded in the first quarter
DUBLIN, Ohio — Cardinal Health has released its 2019 Corporate Citizenship Report, highlighting the company’s ongoing work to build a more sustainable future for employees, customers and communities. This third annual report underscores Cardinal Health’s commitment to operating as a good corporate citizen, which starts with its people – investing in and actively building a
DUBLIN, Ohio — Cardinal Health announced Thursday that its board of directors elected Jason Hollar as chief financial officer, effective May 12. Hollar most recently served as the chief financial officer of Tenneco Inc., a global automotive products and services company. “We are pleased to welcome Jason to the Cardinal Health family,” said Cardinal Health chief
DUBLIN, Ohio — Cardinal Health announced Tuesday that Stephen Mason, president of the company’s Cardinal Health at-Home Solutions business, has been promoted to chief executive officer of Cardinal Health’s Medical segment. Mason will succeed Jon Giacomin, who will be departing the company in mid-August to assume a CEO position at a privately-held company. Mason is
DUBLIN, Ohio — Cardinal Health reported on Thursday second quarter fiscal year 2019 revenues of $37.7 billion, an increase of 7%. The company also reported growth in GAAP operating earnings of 26% to $504 million and a decrease in non-GAAP operating earnings of 13 percent to $637 million. GAAP diluted earnings per share (EPS) were $0.93, a decrease of 72
DUBLIN, Ohio — Cardinal Health announced that Brian Rice will join the company as executive vice president, chief information officer and customer support services. Rice’s most recent role was senior vice president, chief information officer and global business services for Kellogg Company. In his new role at Cardinal Health, he will report to Mike Kaufmann, chief executive officer of Cardinal
DUBLIN, Ohio — Cardinal Health reported first quarter fiscal year 2019 revenues of $35.2 billion, an increase of 8%. The company also reported growth in GAAP operating earnings of 211% to $816 million and a decrease in non-GAAP operating earnings of 11% to $542 million. GAAP operating earnings included a gain of $508 million ($378 million after-tax) related to the naviHealth divestiture.
DUBLIN, Ohio — Cardinal Health announced that Victor Crawford will be joining the company as its next chief executive officer of the Pharmaceutical Segment. Victor’s most recent role was CEO, Healthcare, Education and Business Dining for Aramark. In his new role, he will report to Mike Kaufmann, CEO of Cardinal Health. “We are thrilled to welcome Victor to
DUBLIN, Ohio — The inaugural Women Pharmacist Day will be commemorated on Oct. 12, 2018, in conjunction with National Pharmacist Month, to recognize the important contributions women pharmacists make, every day, to delivering quality care to patients. While women made up only 8% of all U.S. pharmacists as recently as the 1960s, women currently comprise 55% of
DUBLIN, Ohio — Mike Kaufmann has been named chief executive officer of Cardinal Health Inc., effective January 1. The 54-year-old Kaufmann, Cardinal’s chief financial officer, will succeed George Barrett. Barrett, 62, the company’s chairman and CEO since 2009, will serve as executive chairman through the annual shareholders meeting next November. Lead independent director Gregory Kenny
DUBLIN, Ohio — Cardinal Health Inc. has named chief financial officer Mike Kaufmann to succeed George Barrett as chief executive officer. Plans call for Kaufmann, 54, to take the CEO reins and join Cardinal’s board on Jan. 1. Barrett will continue to serve as executive chairman through the annual meeting of shareholders in November 2018, at which
