Navigation Links
Cardinal Health Formalizes Consolidation of Businesses Into Two Primary Operating and Reporting Segments
Date:7/8/2008

DUBLIN, Ohio, July 8 /PRNewswire-FirstCall/ -- Cardinal Health, a global provider of products and services that improve the safety and productivity of health care, today announced a consolidation of its businesses into two primary operating and reporting segments to reduce costs and align resources with the unique needs of each segment.

Cardinal Health's network of pharmaceutical and medical product distribution centers and nuclear pharmacies will form the Healthcare Supply Chain Services segment, led by Vice Chairman George S. Barrett. With annual revenue of more than $80 billion, this segment serves customers in North America with efficient and secure distribution services for prescription medicine and medical products.

Industry leading products for infusion, medication dispensing, respiratory care and infection prevention will be grouped in the Clinical and Medical Products segment under the leadership of Vice Chairman David L. Schlotterbeck. With annual revenue of approximately $5 billion, this segment serves global customers with clinically differentiated products used in hospitals and other primary care facilities.

The segments will be connected by a lean corporate organization and Cardinal Health's hospital sales force.

With these changes, the company will reduce its workforce by approximately 600 positions under a restructuring charge of approximately $63 million, the substantial majority of which it expects to recognize in the current fiscal year, which began July 1. Of those positions, about 160 are currently open and will not be filled. Employees affected will be offered severance benefits.

"Through this restructuring, we sharpen our focus on two distinct, large and growing segments of the health care industry by aligning our resources, reducing costs and helping to speed decision making for our customers," said R. Kerry Clark, chairman and CEO of Cardinal Health. "In many ways, these changes formalize the organiz
'/>"/>

SOURCE Cardinal Health
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6

Related medicine news :

1. Cardinal Health Reaffirms Fiscal 2008 EPS Guidance, Updates Segment Profit Outlook
2. Cardinal Health Names CEO R. Kerry Clark as Chairman; Company Founder Robert D. Walter to Retire After 36 Years
3. Cardinal Health To Announce First-Quarter Results on November 5
4. Cardinal Health Announces Sector Management Change
5. Cardinal Health Reports First Quarter Results
6. Cardinal Health, Sentry Data Systems Introduce New Technology to Help Health Care Providers More Cost-Efficiently Care for Underserved
7. Cardinal Health Receives DEA Order to Temporarily Cease Distribution of Controlled Substances from Auburn, Wash. Facility
8. Cardinal Health Foundation Grants $537,000 to Rural, Public Hospitals in Support of IHIS 5 Million Lives Campaign
9. Cardinal Health to Cease Distribution of Controlled Substances from Florida Facility
10. Cardinal Health to Announce Second-Quarter Results on January 29
11. Cardinal Health Taps Teva Executive George Barrett to Lead Healthcare Supply Chain Services Sector
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/26/2014)... 2014 For its December issue ... AIS Report on Blue Cross and Blue Shield Plans* ... the varied strategies the two Blues plans are implementing ... treatments for sleep apnea, ranging from brick-and-mortar retail stores ... linked to increased rates of a variety of serious ...
(Date:11/26/2014)... November 26, 2014 With a redesign ... Dr. Steven Meier has enhanced the user experience ... and prospective patients an online destination for orthopedic and ... to present the new and improved version of the ... it easier than ever for current and prospective patients ...
(Date:11/26/2014)... (PRWEB) November 26, 2014 GI for ... before seen reductions in prices of their popular nutritional ... Liposomal Vitamin D3 . Discounts of 40% will ... , GI for Life’s proprietary ColoVite supplement is a ... to promote colon health. One easy-to-take colon vitamin with ...
(Date:11/26/2014)... Sonru, the video interviewing specialist, has today announced ... Chief Marketing Officer, in addition to the formal opening ... has been appointed as Chief Operating Officer. He is ... Chief Marketing Officer. , Mr Jones is a seasoned ... senior roles with The Walt Disney Company and Adventis ...
(Date:11/26/2014)... Anthropologists have identified concrete recommendations that ... Ebola, improve international support, and pave the way ... Africa. , The report, “Strengthening West African ... Insights,” will be made public during a press ... Fri., Dec. 5, 11 a.m., at the AAA ...
Breaking Medicine News(10 mins):Health News:AIS Newsletter Reports on Strategies Blues Plans Are Implementing to Combat Sleep Apnea 2Health News:AIS Newsletter Reports on Strategies Blues Plans Are Implementing to Combat Sleep Apnea 3Health News:Los Angeles Orthopedic Surgeon Dr. Steven Meier Announces Relaunch Of Practice Website 2Health News:GI For Life Slashes Prices by 40% on Liposomal Vitamin D3 and ColoVite Colon Health Formula for a Limited Time 2Health News:Sonru Expansion continues with appointment of new executive team and opening of new London base 2Health News:Anthropologists Release Recommendations, Better Practices to Contain Ebola 2Health News:Anthropologists Release Recommendations, Better Practices to Contain Ebola 3
... HILLS, Calif., Dec. 5 With the popularity ... looking for longer,lasting alternatives to prevent facial wrinkles. ... active practice in Beverly Hills,says, "Fillers such as ... suture material. When injected into tissue, all of,these ...
... in the Annals,of Emergency Medicine ("Increasing Rates of Emergency ... to 2003") finds the rate of,elderly Americans seeking emergency ... Kenneth L. Noller, MD, President of the American College ... on behalf of the Alliance of Specialty Medicine., ...
... cardiovascular troubles by 2035 , , WEDNESDAY, Dec. 5 (HealthDay ... to be overweight or obese adults and more likely ... studies conclude. , The first, out of Denmark, found ... risk of coronary heart disease as adults. , The ...
... 5 Eastern Insurance,Holdings, Inc. (Nasdaq: EIHI ) ... has authorized a $0.05 per share quarterly cash,dividend on ... 28, 2007 to shareholders of record at the close ... parent company of Eastern Life and Health Insurance Company,("Eastern ...
... Indevus Pharmaceuticals, Inc.,(Nasdaq: IDEV ) today announced ... Conference on Thursday, December 13, 2007 at 12:30 PM,Eastern ... City. The,presentation will be web cast live and may ... website at http://www.indevus.com ., About Indevus, ...
... more complicated medical case, what makes different physicians ... Researchers at UC Davis have identified several key ... of a patients medical appointment, and ultimately with ... , In a new study, "Primary Care Visit ...
Cached Medicine News:Health News:Facial Deformity Danger? 2Health News:Dramatic Growth Projected in Visits by Elderly Patients to Emergency Departments Underscores Urgency of Medicare Physician Payment Fix 2Health News:Overweight Kids Often Become Obese, Unhealthy Adults 2Health News:Overweight Kids Often Become Obese, Unhealthy Adults 3Health News:Eastern Insurance Holdings, Inc. Announces Quarterly Dividend 2Health News:Eastern Insurance Holdings, Inc. Announces Quarterly Dividend 3Health News:Indevus Pharmaceuticals To Present at RBC Capital Markets Conference 2Health News:Indevus Pharmaceuticals To Present at RBC Capital Markets Conference 3Health News:New UC Davis study finds physician style and HMO affiliation impact lengths of patient visit 2
(Date:11/26/2014)... a leader in the development of Chimeric Antigen Receptors ... cancers, today announced the completion of a series A ... -based healthcare private equity fund.   CARsgen ... new therapeutics for liver, lung, stomach and brain cancers. ... Hospital, the company plans to initiate clinical studies for ...
(Date:11/26/2014)... -- According to the new research ... Battery, Pneumatic), by Product (Drill, Saw, Stapler, Reamer, ... (Orthopedic, ENT, Oral, Thoracic, Neurology) - Global Forecasts ... Instruments Market is estimated to be worth around ... expected to grow at a moderate CAGR during ...
(Date:11/26/2014)...  Medtronic,s roughly $43 billion acquisition and ... in the media for its US Federal tax ... player in one of the fastest growing device ... research firm said  the two companies compete in ... of solutions spanning inpatient to home care, and ...
Breaking Medicine Technology:CARsgen Completes Series A Financing 2Powered Surgical Instruments Market Worth $2.1 Billion by 2019 2Powered Surgical Instruments Market Worth $2.1 Billion by 2019 3Powered Surgical Instruments Market Worth $2.1 Billion by 2019 4Medtronic - Covidien: Beyond Taxes, Deal Will Create Patient Monitoring Power, according to Kalorama Information 2Medtronic - Covidien: Beyond Taxes, Deal Will Create Patient Monitoring Power, according to Kalorama Information 3
... 10 Sosei Group Corporation,("Sosei"; TSE Mothers Index: ... a Japanese Phase III clinical trial for the,emergency ... distribution rights to the product in Japan from ... to evaluate the safety and prevented,pregnancy rate of ...
... To Mitigate the Impact of a Disease, - ... Gala,to Raise Research Funds, HUNTINGTON BEACH, Calif., July ... prolonging the lifespan and quality,of life for people with ... body to produce thick, sticky mucus, which clogs the ...
Cached Medicine Technology:Sosei Announces Completion of Phase III Trial for NorLevo(R) 2The Ocean Becomes a Pipeline To A Cure for Cystic Fibrosis 2The Ocean Becomes a Pipeline To A Cure for Cystic Fibrosis 3
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
Medicine Products: