The suit was filed along with lawsuits against AmerisourceBergen and McKesson, and the three lawsuits allege that the three companies provided "enough opioids to Bryan County that every adult resident there could have had 144 hydrocodone tablets." 2020–present Īs of August 2021, it is ranked 14 on the Fortune 500 list with FY2020 annual revenue of $152.9 billion. The lawsuit alleged that he company's actions helped fuel Oklahoma's opioid crisis. In May 2020, Oklahoma Attorney General Mike Hunter sued Cardinal Health in Bryan County District Court, Oklahoma. Cardinal will pay $6.4 billion over 18 years. In July 2021, Cardinal Health and other pharmaceutical companies agreed to participate in a $26 billion settlement. In 2019, Cardinal was one of several drug distributors named in lawsuits related to the opioid crisis in the US. In January 2018, Michael Kaufmann assumed the role of CEO after serving as CFO of the company. The bill, which increases the burden of proof enforcers need to show against drug distributors, was signed into law by President Barack Obama in April 2016. īetween 20, Cardinal, alongside McKesson Corporation, and AmerisourceBergen, spent $13 million lobbying Congress to pass Congressman Tom Marino's "Ensuring Patient Access and Effective Drug Enforcement Act". The venture was named Red Oak Sourcing and began operations in July 2014. In December 2013, it was announced that Cardinal Health would partner with CVS Caremark to form a generic drug sourcing operation in the United States. Cardinal Health is now traded on the NYSE under symbol CAH. In 2009, Cardinal Health completed the spin-off of its clinical and medical products businesses into an independent medical technology company called CareFusion with David Schlotterbeck as CEO. Barrett would become the chairman and CEO. In September 2008, the company announced Clark and Walter would retire and George S. Walter retaining Chairmanship of the board. Kerry Clark, a former executive and vice chairman at Procter & Gamble, was appointed president and CEO in April 2006, with Robert D. The company changed its name to Cardinal Health in 1994, and became the third-largest pharmaceutical wholesaler in the United States. From 1991 to 1996, the company's sales grew from $1.2 billion to $8.9 billion. In 1988, Walter sold Cardinal Health's food operations to Roundy's. The company went public on the NASDAQ stock exchange in 1983. After acquiring the Bailey Drug Company in 1979, it began whole selling drugs. Walter, the company was initially a food wholesaler. History įounded in 1971 as Cardinal Foods by Robert D. Cardinal Health provides medical products to over 75 percent of hospitals in the United States. In addition, it operates one of the largest networks of radiopharmacies in the U.S. The company also manufactures medical and surgical products, including gloves, surgical apparel, and fluid management products. Headquartered in Dublin, Ohio, the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations. is an American multinational health care services company, and the 14th highest revenue generating company in the United States. The work is designed as a management reference for anyone involved in operating, using, constructing, or trading in industrial warehouses.Cardinal Health, Inc. It is based upon my experience, both as a warehousing manager and executive, and later as a management advisor. While the work is designed primarily as a handbook for manag ers, it also serves as a guide for students. Much of the information is based upon materials previously used in Warehousing Forum, our monthly subscription newsletter. This book intends to be a comprehensive handbook consisting of everything we know that would help the manager of warehouses. Today the emphasis has changed to a work that provides the tools that every warehouse manager needs. The goal of our early writing was to develop a better understanding between the third-party warehouse operator and the user of these services. Nearly three decades have passed since our first published writing about warehousing. Major changes in warehousing in the last seven years have caused appropriate changes in the content of this text. However, it has a substantial amount of new material. It contains the same number of chapters as the third edition, published in 1990. This is a fourth edition of a work first published in 1983.
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