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Cardinal Health to make surgical kits in deal with Florida company

Cardinal Health Inc. has struck a manufacturing and supply deal with a Florida medical supply firm that will bring a new product to customers and a new revenue stream for the company. (CAH) (STRC) (CAH)

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Pyxis wins award for MedStation system

MedStation, an automated medication dispensing system for hospitals that was developed by Pyxis, a San Diego company that is now part of Cardinal Health, has won Connect's annual William W. Otterson Award.

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Mad About Options: People Who Need PPL

The Mad About Options crew reviews Jim Cramer's recent bullish comments about PPL Corp. and offers options strategies for traders and investors. Also hear options ideas for Arcelor Mittal and Cardinal Health.

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Boards OK hospital merger

MUNCIE » Officials have approved a merger between Indianapolis-based Clarian Health and the medical group that owns Ball Memorial Hospital in Muncie and Blackford Community Hospital in Hartford City. Cardinal Health System Chief Executive Kelly Stanley says boards for Clarian and Cardinal finalized the deal this week. The merger will take effect Jan. 1.

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Cardinal Health Announces Preliminary Shareholder Voting Results at Annual Meeting

Board of Directors Declares Regular Quarterly Dividend DUBLIN, Ohio, Nov. 5 /PRNewswire-FirstCall/ -- Cardinal Health, a global provider of products and services that improve the safety and productivity of health care, today announced the preliminary results of shareholder voting at the company's annual meeting, and the board of directors declared its 97th consecutive regular quarterly dividend. ...

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Cardinal 1Q profit down on restructuring

A move to consolidate Cardinal Health Inc.’s businesses pushed down the health-care giant’s first-quarter earnings even as sales during the period shot up 10 percent. (CAH)

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Cardinal Health's first-quarter profit falls; outlook affirmed

Cardinal Health Inc. saw its fiscal first-quarter earnings dip 17% despite an 11% gain in sales, but the drug-distribution giant said Wednesday that it is maintaining its full-year forecast.

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Cardinal Health earnings per share down 16% in quarter

NEW YORK (MarketWatch) -- Cardinal Health said Wednesday that its first-quarter earnings were $249 million, or 69 cents a share, compared with $302 million, or 82 cents a share, in the same period a year ago. On a non-GAAP basis, earnings per share were 74 cents in the period with impairments taking away 5 cents a share. Revenue rose to $24.35 billion compared to $21.97 billion. Analysts polled by...

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Hospitals, Healthcare Providers to Realize Value With Premier Specialty Distribution of Respiratory Therapy, Anesthesia Products Agreements

Premier Purchasing Partners, LP, today announced new agreements for specialty distribution of respiratory therapy and anesthesia products have been awarded to Cardinal Health of Dublin, Ohio, and Tri-anim Health Services Inc. of Sylmar, Calif.

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Great Series from the Columbus Dispatch

Over the weekend, the Columbus Dispatch published a six-part expose/overview about the diversion and sale of controlled substances. Mike Pramik, the reporter who wrote all six parts, has pulled together a must-read series, especially since the Dispatch is also Cardinal Health’s ( CAH ) hometown paper. Here are links to the six parts along with my commentary on each article. Online Overdose – The main...

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EEOC Sues Company On Behalf of Driver Fired For Not Working Sundays

Yesterday's Charlottesville (VA) Daily Progress reported that the the U.S. Equal Employment Opportunity Commission late last month filed a Title VII religious discrimination lawsuit against Cardinal Health Inc. The suit charges that the company failed to accommodate the religious needs of a driver who for religious reasons refused to work on Sundays. Employee Howard Thompson was fired from his Charlottesville-based...

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Cardinal: The Once and Future Wholesaler

Last week, Cardinal Health ( CAH ) formally announced plans to spin off its Clinical and Medical Products business . The post-spin business will be a return to Cardinal’s wholesale distribution roots, although getting back is only the beginning. Here are a few high-level thoughts on the pharmaceutical distribution business. First, congratulations to management for (finally) resolving the DEA issues...

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Major Drug Company Agrees to Pay $34 Million to Settle DEA Case

Cardinal Health Inc., one of the nation’s largest distributors of pharmaceutical drugs, has agreed to settle allegations that it violated federal reporting provisions relating to its handling of certain controlled substances regulated by the Drug Enforcement Administration (DEA), according to a report obtained by the National Association of Chiefs of Police. Under the agreement [...]

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Cardinal Health Auburn to get license back after settlement

Cardinal Health Inc. has agreed to settle allegations that it violated federal reporting provisions related to its handling of certain controlled substances regulated by the Drug Enforcement Administration. (CAH)