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Cardinal Health, Inc. is an American multinational health care services company, and the 14th highest revenue generating company in the United States. Headquartered in Dublin, Ohio , the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations.
In 2008, Barrett joined Cardinal Health, Inc. as vice chairman and CEO of Healthcare Supply Chain Services. [3] He became the chairman and chief executive officer of the company in 2009. [ 3 ] [ 8 ] As of September 2016, Barrett is reported to own over 0.5 million of Cardinal Health shares worth of approximately US$42 million.
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In 1996, Cardinal Health acquired PCI of Philadelphia, Pennsylvania, a pharmaceutical contract packing service for commercial and clinical packaging. [3] [4]In 1998, Cardinal Health acquired R.P. Scherer Corporation of Troy, Michigan for $2.2 billion; it was founded by Robert Pauli Scherer to commercialize his innovation of softgel encapsulation using the rotary die production process.
In November 2017, Shanghai Pharma announced the acquisition of U.S. based pharmaceutical distributor Cardinal Health's China operations for about $557 million. The deal made Shanghai Pharmaceuticals the largest distributor for imported drugs in China and the second largest distributor in the overall pharmaceutical distribution .
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Downey began his career in the Honors Program of the U.S. Department of Justice. He later worked as a special litigation counsel at the U.S. Department of Energy and then became a partner at the law firm of Winston & Strawn. In January 1993, Downey was appointed president and chief operating officer of Barr Pharmaceuticals.
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