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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 ]
CareFusion was created in 2009 as a spinoff of medical technology businesses from Cardinal Health. [1] It began publicly trading on the New York Stock Exchange on September 1, 2009. [ 2 ] Cardinal's core business was drug distribution , a low-margin and low-risk, predictable business, with which the higher-margin, higher-risk medical technology ...
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 light of the changes that will come with both Obama-care and the aging U.S. population, the health care industry is looking for some new long-term strategies. But one part of the industry that ...
US FDA sends warning letter to Cardinal Health for marketing unapproved devices. April 25, 2024 at 12:13 PM (Reuters) -The U.S. health regulator has sent a warning letter to Cardinal Health after ...
Pyxis Corporation was a San Diego company co-founded by Ronald R. Taylor and investor Tim Wollaeger in 1987. The company is the first to develop MedStation products in 1990 and is also a market leader for automated medication management, [1] developing an automated dispensing cabinet under the name Pyxis.
In January 2022, AmerisourceBergen, McKesson, Cardinal Health, and Johnson & Johnson agreed to pay $26 billion to settle with all but five of the states suing them. [31] The deal covered the bulk of the grievances against these four companies, including 90 percent of municipal governments, 46 states, and Washington, DC. [32]
McKesson Pharmacy Systems in Livonia, Michigan. Health Mart, a network of over 4,000 [47] independently owned and operated pharmacies, is a wholly owned subsidiary of McKesson Corporation, which owns the name "Health Mart". McKesson acquired Health Mart owner FoxMeyer in October 1996. [48]