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In June 2010, Cardinal Health announced plans to purchase Healthcare Solutions Holding, a specialty pharmaceutical services company, for $517 million. [30] In December 2010, the company acquired Kinray, an independent pharmaceutical wholesaler, increasing Cardinal Health's presence in the independent pharmacy market by 40 percent. [ 31 ]
Cardinal evolved beyond drug distribution into total health care by acquiring companies that serve health care manufacturers and providers of patient care. In 1997, Cardinal acquired Owen Healthcare, of Houston, Texas, a leading provider of pharmacy management and information services for hospitals.
Headquartered in Dublin, OH, Cardinal Health is a global healthcare services and products company. We provide customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices and patients in the home.
Jun 26, 2013 · Cardinal Health got its start in 1971 when founder Robert D. Walter opened a small distribution center in Columbus, Ohio. In less than a decade, the then-named Cardinal Foods became a prominent regional food distributor until branching into pharmaceutical distribution in 1979.
2009: Cardinal Health spun off its clinical and medical products business into a separate company, CareFusion, to better focus on its core pharmaceutical and medical distribution services. The 2010s saw continued innovation and expansion, with Cardinal Health acquiring several companies to enhance its product offerings and market reach.
The company made its first foray into pharmaceutical distribution in 1975, when it acquired Zanesville Distribution. Walter used the proceeds of a 1983 initial public offering to launch an acquisition spree that would gain steam over the next decade.
Cardinal Health was founded in 1971 by Robert Walter under the name Cardinal Foods, initially operating as a food wholesaler. The Company acquired the Bailey Drug Company in 1979, following which it began selling drugs and pharmaceutical products on a wholesale basis under the name Cardinal Distribution Inc.
