Full-Time
Distributes pharmaceuticals and medical products globally
$105.1k - $150.1k/yr
Company Does Not Provide H1B Sponsorship
Ohio, USA
Remote
Bachelor's
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Cardinal Health distributes pharmaceuticals and manufactures medical and laboratory products for hospitals, clinics, and pharmacies worldwide. The company operates a global logistics network to deliver supplies while providing data tools that help healthcare facilities track inventory and improve operational efficiency. Unlike many niche suppliers, Cardinal Health combines 50 years of experience with a massive scale that covers both the physical supply chain and the software needed to manage it. Its goal is to streamline the healthcare supply chain to ensure providers have reliable access to essential products while reducing costs and improving patient care.
Company Size
N/A
Company Stage
N/A
Total Funding
$270.6M
Headquarters
Dublin, California
Founded
1971
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Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Health Savings Account/Flexible Spending Account
401(k) Retirement Plan
401(k) Company Match
Short- and Long-term Disability Coverage
Paid Parental Leave
Wellness Program
Cardinal Health forecast fiscal 2027 profit between $12.40 and $12.60 per share, exceeding analyst expectations of $12.04, driven by strong demand for specialty drugs. The US drug distributor's shares rose over 4% in premarket trading. The company's fourth-quarter adjusted profit of $2.91 per share beat estimates of $2.42. However, total revenue of $63.67 billion missed expectations of $65.03 billion. Cardinal Health is benefiting from rising demand for biosimilars and high-margin medicines treating cancer, rheumatoid arthritis, and autoimmune diseases. Its Pharmaceutical and Specialty Solutions unit saw sales increase 6% to $55.4 billion. Last month, Cardinal purchased AdaptHealth's diabetes business and Strive Medical for approximately $360 million combined. The company also announced $1 billion in planned share repurchases for fiscal 2027.
Cardinal Health has agreed to acquire multi-specialty supply company Strive Medical and AdaptHealth's diabetes business for a combined $360 million in cash. The drug distributor said the acquisitions will expand its at-home solutions business, which delivers medical supplies directly to patients. The deals build on Cardinal's recent investments in home care services. The company's at-home unit generated $1.7 billion in revenue during its third quarter this year, helping grow profit by 34% year over year. Cardinal expects the acquisitions to be earnings accretive within a year of closing. AdaptHealth's diabetes unit serves over 225,000 patients annually, primarily delivering continuous glucose monitors. Strive serves more than 20,000 customers yearly, specialising in urology, wound care and incontinence supplies.
Transaction creates increased clinical and economic value for 11,500 specialty providers, including more than 7,000 physicians across 1,200 independent physician practices. Transaction creates platform for Cardinal Health expansion across specialty therapeutic areas. Transaction enhances capabilities of Cardinal Health Specialty and supports ongoing build of Navista™ NetworkDUBLIN, Ohio, Jan. 31, 2024 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that it has entered into a definitive agreement to acquire Specialty Networks, a technology-enabled multi-specialty group purchasing and practice enhancement organization for $1.2B in cash. Specialty Networks creates clinical and economic value for independent specialty providers and partners across multiple specialty GPOs: UroGPO, Gastrologix and GastroGPO, and United Rheumatology
Cardinal Health to spend $3,100,000.00 to occupy 3,794 square feet of space in Indianapolis Indiana. Cardinal Health to spend $3,100,000.00 to occupy 3,794 square feet of space in Indianapolis Indiana.Indianapolis, Indiana — According to state and local economic development sources, Cardinal Health plans to invest $3,100,000.00 to build out 3,794 square feet of new space in Indianapolis. The company plans to occupy the new space at 7736 Zionsville Rd in Indianapolis, on or about September 1, 2023. According to the company website Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for healthcare facilities. With operations in more than 30 countries and approximately 44,000 employees globally, Cardinal Health is essential to care. We are navigating the complexities of healthcare and providing scaled solutions to help our customers thrive in a changing world
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