McKesson’s deal to buy Ireland’s UDG Healthcare reflects the global consolidation of health care distribution, as drug wholesalers continue their drive for scale, especially in the realm of generic drugs, according to Fitch Ratings. “The UDG deal will add to McKesson’s generic purchasing power and further enhance its European pharmaceutical distribution presence, following its acquisition
DUBLIN, Ohio — Cardinal Health Inc. has unveiled a new home health care line called Hospital Quality at Home, which includes a range of over-the-counter products to help patients transition care from the hospital to their home. Cardinal said Tuesday that the new brand encompasses a full assortment of hospital-quality health products, which are
NEW YORK — Pharmaceutical distributors Cardinal Health Inc. and AmerisourceBergen Corp. this week announced the election of new board members. Cardinal said that Nancy Killefer is slated to join its board as an independent director on Sept. 14. Most recently, she was senior partner of McKinsey & Co. until her retirement in 2013. At McKinsey,
LAS VEGAS — John Balch was named 2015 Medicine Shoppe Franchisee of the Year during Cardinal Health Inc.’s annual Retail Business Conference (RBC). Balch, based in Cumberland, Md., was recognized for his patient-oriented service and ability to meet the unique needs of the diverse communities his pharmacies serve. The award honors a pharmacy that serves
LAS VEGAS — Cardinal Health Inc. recognized the patient care and performance achievements of three community pharmacies at its Retail Business Conference (RBC) event this week in Las Vegas. Cardinal on Friday said that Medicine Shoppe Pharmacy in Whiting, N.J.; Katterman’s Pharmacy in Seattle; and El Dorado TrueCare Pharmacy in El Dorado, Kan., are winners
LAS VEGAS — Cardinal Health Inc. expects to draw more than 8,000 attendees from across the globe at its Retail Business Conference (RBC) annual community pharmacy event, which kicks off this week in Las Vegas. The company said Monday that this year marks the 25th anniversary of the conference, which runs from July 22 to
DUBLIN, Ohio — Cardinal Health Inc. plans to acquire medication therapy management specialist OutcomesMTM. Financial terms of the transaction weren’t disclosed. Cardinal said Thursday that the addition of OutcomesMTM will boost its ability to help payers, retail pharmacies, hospitals and integrated delivery networks provide MTM services to patients. Based in West Des Moines, Iowa, OutcomesMTM
DUBLIN, Ohio — Cardinal Health Inc. is providing more than $1 million in funding to 10 pharmacy schools across the country as part of its efforts to support future pharmacists. The drug distributor said Thursday that the schools will receive the funding this year via the Cardinal Health Pharmacy Scholarship Program. All scholarship winners will
DUBLIN, Ohio — Cardinal Health Inc. has closed its $1.115 billion acquisition of pharmaceutical distributor Harvard Drug Group. Cardinal said Monday that the all-cash deal, announced in early June, will boost its generic drug distribution business as well as expand its over-the counter drug product offerings and its telesales programs and capabilities. Harvard Drug also
Cardinal Health chairman and CEO George Barrett was one of the performers at a Rock and Roll Hall of Fame Roadshow concert this week in Columbus, Ohio, not far from the pharmaceutical distributor’s Dublin, Ohio, headquarters. Local journal Columbus Business First reported that Barrett, a classically trained musician, played guitar, keyboards and sang at the
DUBLIN, Ohio — Cardinal Health Inc. plans to acquire pharmaceutical distributor The Harvard Drug Group (THDG) from private equity firm Court Square Capital Partners for $1.12 billion. Based in Livonia, Mich., THDG is a distributor of generic drugs, over-the-counter medicines and related products to retail, institutional and alternate care customers. THDG had revenue of about
DUBLIN, Ohio — Cardinal Health Inc. plans to acquire pharmaceutical distributor The Harvard Drug Group (THDG) from private equity firm Court Square Capital Partners for $1.115 billion. Cardinal said Friday that it will use cash and new debt to finance the transaction, which is expected to close in the beginning of its 2016 fiscal year,
DUBLIN, Ohio — Medicine Shoppe International has become the latest pharmacy retailer to drop tobacco products. The Cardinal Health Inc. pharmacy franchise said Monday that nearly all Medicine Shoppe and Medicap Pharmacy franchisees have committed to not sell tobacco or tobacco-related products. Most Medicine Shoppe and Medicap Pharmacy locations have been tobacco-free for some time, because selling
Cardinal Health’s Brad Tice said a closer look — actually, a broader look — needs to be taken at the full benefits resulting from medication therapy management (MTM). In a point-of-view article on Cardinal’s Essential Insights blog page, Tice — director of marketing and product management for performance and clinical outcomes at Cardinal — noted
