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Cardinal Health

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Cardinal Health - Healthcare showcase

Year Founded & Workforce

1971

50,000 Employees

Industry

Healthcare

Services

PTA BalloonBalloon Expandable StentsInterveneCardiologySkin and Wound Management
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Cardinal Health Employee Contacts

420 verified contactsNames, job titles, seniority and locations

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Cardinal Health Overview

Company Headquarters: Ohio, US

Founded: 1971

Workforce: ~50,000

Company Working: Cardinal Health is a global, integrated healthcare services and products company. The firm provides customized solutions for hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physicians’ offices worldwide. It operates through two business segments, namely, medical products and pharmaceuticals. Through these segments, it offers cost-effective solutions that enhance the supply chain efficiency from hospital to home. It connects patients, providers, payers, pharmacists, and manufacturers for integrated care coordination and better patient management. Through its services and products, it serves nearly 85% of hospitals, more than 26,000 pharmacies, and more than 10,000 specialty physician offices and clinics across the US. In the fiscal year 2018, nearly 50,000 global employees operated in more than 46 countries.

Strategy

Cardinal Health focuses on investing in the latest technologies and production methods and continues the ongoing research and development. The company also focuses on acquisitions and mergers to enhance its core strategic areas of self-manufactured medical products, specialty pharmaceutical products and services, generic pharmaceutical distribution, and post-acute care.

Company Snapshot

$121,546M

Revenue

50,000

Employees

1971

Founded

Ohio, US

Headquarters

SWOT Analysis

Strengths

  • Serves nearly 85% of hospitals in the US with home healthcare products
  • Large-scale generics program through a successful 50/50 joint venture
  • Organic growth
  • Strong product portfolio
  • Distributes its pharmaceutical products in over 60,000 locations
  • The company has built a strong model in Red Oak Sourcing and its joint venture with CVS Health is a strength
  • The addition of the patient recovery business into the enterprise portfolio strengthens the ability to offer a broad line of products and services

Weaknesses

  • Manufacturing facilities limited to the US Internal restructuring
  • The pharmaceutical distribution business continues to face industry headwinds
  • Company faces negative image during Drug Enforcement Administration investigation of its painkiller drug Oxycodne
  • Legal pursuits
  • Material weakness
  • Changes to the US healthcare environment may not be favourable

Opportunities

  • Acquisition of Yong Yu in China has given opportunities to expand in emerging economies and also to expand the portfolio
  • Enhancing operational efficiency
  • Expanding business in emerging markets
  • Need to improve branding to serve in competitive markets
  • Acquisition with local players
  • Helping healthcare organizations to improve patient safety
  • Supporting veteran organizations and hundreds of non-profit organizations around the globe

Threats

  • Customer contract renewals
  • Legal proceedings
  • Global economic slowdown
  • Changes in healthcare environment
  • Pressure from competitors
  • Could be subjected to adverse changes in tax laws or challenges to its tax position
  • Adverse effects of competitive pressure

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Key Developments

DateApproachDevelopment
July 2017AcquisitionCardinal Health completed the acquisition of Medtronic's (Ireland) patient recovery business. The brands include Curity, Kendall, Dover, Argyle, and Kangaroo.

Product Offering

  • Cardinal Health
    • PTA Balloon
    • Balloon Expandable Stents
    • Intervene
    • Cardiology
    • Skin and Wound Management
    • Advance Wound Care

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 121,546 Mn in 2016 to USD 136,809 Mn in 2018.
Cardinal Health — By Business Segment
Series (USD Mn)201620172018
Sales121,546129,976136,809

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