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

oducts include Converters(R) brand surgical gowns, Esteem(R) brand medical gloves, Chloraprep(R) brand preoperative skin preparation products, as well as electronic infection surveillance through MedMined(R) services. The segment also leads in the respiratory care category through its AVEA(R) respirators and other leading ventilation brands. Clinical and Medical Products' global operations employ more than 20,000 people on five continents.

As part of the restructuring, Cardinal Health will also separately report results for a group of other businesses as a third reporting segment. These units include Pharmacy Services (outsourced hospital pharmacy management services), Tecomet (orthopedic implants and instruments), Medsystems (enteral devices and airway management products) and Medicine Shoppe International. While these businesses continue to add value to Cardinal Health, the company will be conducting an in-depth review during the next 12 months to evaluate their fit in the existing segment structure.

Outlook and Q4 Earnings Call

The company reaffirmed that non-GAAP diluted earnings per share from continuing operations(1) for fiscal 2008 are expected to be about in the middle of a $3.75 to $3.85 range, excluding the potential dilutive impact of the Enturia acquisition of 1 to 2 cents.

Cardinal Health will announce fourth quarter and full-year results on Aug. 7 during an extended call with financial analysts and investors. At that time, the company will provide its financial outlook for the current year and provide historic financial data, recast according to the new reporting segments. Going forward, the company will report and provide guidance based on the primary segments with relevant metrics for the key underlying businesses in each.

The Aug. 7 conference call and webcast will begin at 8:30 a.m. EDT at the Investor page of http://www.cardinalhealth.com. The conference c
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