Cardinal Health is an American multinational healthcare services company founded in 1971. It has grown through strategic acquisitions and innovation in pharmaceutical distribution, medical products, and supply chain solutions.
Cardinal Health is founded as a food and paper distribution company in Columbus, Ohio, by John Havens. It initially focuses on distributing groceries and household goods. #founding #business
The company shifts focus from food distribution to pharmaceutical distribution, buying a drug wholesaler. This marks the beginning of its transformation into a healthcare company. #pharma #strategy
Cardinal Health goes public on the New York Stock Exchange under the ticker CAH. The IPO provides capital for expansion. #finance #ipo
Acquisition of Bailey Drug Company, a significant step in expanding its pharmaceutical distribution network in the Midwest. #acquisition #distribution
The company changes its name from Cardinal Health to Cardinal Distribution to reflect its core business. Later reverts. #rebranding
Acquires Whitmire Distribution Corp., expanding its reach into the western United States. #acquisition #expansion
Acquires PRN Office Supply, diversifying into medical supplies and equipment distribution. #diversification
John C. Kane Jr. becomes CEO, leading a period of aggressive acquisition growth. #leadership #ceo
Acquires Medicine Shoppe International, a pharmacy franchisor, expanding into retail pharmacy management. #acquisition #pharmacy
Acquires Pyxis Corporation, a leader in automated medication dispensing systems, crucial for hospital workflow. #technology #medication
Acquires the pharmaceutical distribution business of Owens & Minor, strengthening its market position. #market #share
Acquires Allegiance Healthcare Corp., a major medical products distributor, for $5.3 billion. #acquisition #healthcare
Establishes the Cardinal Health Foundation to support community health initiatives. #philanthropy
Acquires Syncor International, a provider of radiopharmaceutical services, expanding into nuclear medicine. #nuclear #medicine
Acquires Borland-Groover Clinic, a gastroenterology practice, as part of a physician services strategy. #physician #services
Acquires The Dental Supply Company to enter the dental supply market. #dental #expansion
Cardinal Health settles a lawsuit with the DEA over failure to report suspicious opioid orders, paying $34 million. This is an early opioid controversy. #opioid #legal
Acquires Carefusion's medication technologies business for $1.5 billion, strengthening hospital pharmacy automation. #acquisition #automation
Acquires VHA Inc.'s supply chain business, enhancing group purchasing capabilities. #supplychain #acquisition
Acquires AssuraMed, a distributor of medical supplies to home care and long-term care patients, for $2.1 billion. #homecare #medicalsupplies
Launches Cardinal Health Specialty Solutions to focus on pharmaceutical manufacturers, providing consulting and research services. #specialty #consulting
Acquires Rotech Healthcare, a provider of home respiratory care, expanding into home oxygen and CPAP therapy. #respiratory #homecare
Acquires The Harvard Drug Group, a leading distributor of generic pharmaceuticals. #generic #pharmaceuticals
Acquires P4 Healthcare, a medication management technology company, enhancing its pharmacy automation portfolio. #technology #automation
Acquires NaviNet, a healthcare communications platform connecting providers and payers, for $1.3 billion. #digitalhealth
Cardinal Health reaches an $80 million settlement with New York for its role in the opioid epidemic. #opioid #regulatory
Acquires Cordis Medical, a cardiovascular medical device company, from DePuy for $1.9 billion. #cardiovascular #medicaldevices
Launches Cardinal Health at-Home Solutions, consolidating home health and direct-to-patient services. #homehealth
Acquires MedSpeed, a healthcare logistics and transportation company, to enhance supply chain capabilities. #logistics #acquisition
Cardinal Health agrees to a $20 million settlement with West Virginia for opioid-related claims. #opioid #settlement
Acquires Specialty Networks, a provider of data analytics services to specialty pharmacies. #dataanalytics #specialty
Cardinal Health plays a key role in distributing COVID-19 vaccines and supplies across the U.S. #covid19 #vaccine
Cardinal Health, along with Johnson & Johnson and other distributors, agrees to a $26 billion multistate opioid settlement. #opioid #settlement
Sells its Cordis business to MedTech for $1.3 billion to streamline focus on core distribution. #divestiture #strategy
Acquires stayhealthy, a digital health platform, to expand into consumer health monitoring. #digitalhealth #acquisition
Launches a digital platform for independent pharmacies to access cost transparency and supply chain insights. #pharmacy #digital
CEO Jason Hollar steps down after two years; board begins search for new leadership. #leadership #ceo
Cardinal Health surpasses $200 billion in annual revenue, reflecting growth despite opioid settlements. #financials #revenue
Acquires Express Scripts' specialty distribution business for $3.1 billion, enhancing capabilities in costly specialty drugs. #specialty #acquisition
Sheri H. Johnson is appointed as the new CEO of Cardinal Health, effective June 2024. #ceo #leadership