Cardinal Health

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Cardinal Health, Inc., is a holding company.

History

Founded in 1971 as Cardinal Foods by Robert D. Walter, it was initially a food wholesaler. Acquiring the Bailey Drug Company in 1979, it began wholesaling drugs as Cardinal Distribution, Incorporated. Following the introduction of the company on the NASDAQ stock exchange in 1983 it commenced on a long string of acquisitions and mergers. It is now traded on the NYSE under symbol (CAH

). As of 2006, it was ranked 19th on the Fortune 500 list and employs more than 45,000 people on five continents.

In 1995, Medicine Shoppe International (St. Louis, est. 1970), the country’s largest franchise of retail pharmacies, is acquired. The merger represents the first non-distribution acquisition by Cardinal Health.

R. Kerry Clark was appointed as President and CEO on 17 April 2006, with Robert D. Walter retaining the Chairmanship.

On 28 June 2007, Cardinal Health announced the completion of the tender offer for VIASYS

External links

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Last updated on Friday May 23, 2008 at 03:12:41 PDT (GMT -0700)
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