Cardinal Health

Cardinal Health, Inc., is a Fortune 500 health care services company based in Dublin, Ohio. Cardinal Health specializes in health care supply chain services, providing pharmaceuticals and medical products to more than 40,000 locations each day. The company is also a manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company supports the growing diagnostic industry by supplying medical products to clinical laboratories and operating the nation’s largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease.[2]
[edit]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 [1]). As of April, 2010, it was ranked 17th on the Fortune 500 list with 2009 annual revenue of over $99 billion.[3] Cardinal employs more than 30,000 people worldwide.
In 1995, Medicine Shoppe International (St. Louis, est. 1970), the country’s largest franchise of retail pharmacies,[4] was acquired. The merger represents the first non-distribution acquisition by Cardinal Health.[5]
In 1997, in competition between Cardinal Health and McKesson Corporation, Cardinal Health had planned to purchase Bergen, to which McKesson responded with a bid to purchase Amerisource. Instead, Amerisource and Bergen merged into AmerisourceBergen.[6]
In 1999, Cardinal acquired the Chicago-based medical products manufacturer and distributor, Allegiance Healthcare—formerly a division of Baxter Healthcare. Among its proprietary products, Allegiance made surgical drapes, gloves, and gowns; Allegiance also distributed customized arrangements of medical supplies (called "custom sterile packs" and "procedure-based delivery systems") as a means of offering end-user health care personnel a means of making their supply chain more efficient.[7]
In April 2005, Jeffrey W. Henderson joined Cardinal Health as the Chief Financial Officer (CFO). R. Kerry Clark was appointed as President and CEO on April 17, 2006, with Robert D. Walter retaining the Chairmanship. On June 28, 2007, Cardinal Health announced the completion of the tender offer for VIASYS Healthcare.[8] On September 29, 2008 the company announced Kerry Clark would retire and George Barrett would become the Chairman and CEO. The company also announced plans to spin off the Clinical and Medical Products business as a separate publicly traded company under the name CareFusion, with David Schlotterbeck as CEO.[9] The spin-off was completed on September 1, 2009.[10] CareFusion's anticipated annual revenue will be approximately $4 billion.[9]
In June 2010, the company announced that it is planning to expand its presence in specialty pharmaceutical services with a definitive agreement to purchase Healthcare Solutions Holding in an upfront $517 million all-cash transaction.[11]
In December 2010, the company acquired Kinray, one of the last and largest independent pharmaceutical wholesalers in the United States. According to the Wall Street Journal, the acquisition increased Cardinal's presence in the independent pharmacy market by 40 percent.[12] Kinray had annual revenue of over $3.5 billion, and served about 2,000 independent retail pharmacy customers.[12]

Cardinal Health

Cardinal Health, Inc., is a Fortune 500 health care services company based in Dublin, Ohio. Cardinal Health specializes in health care supply chain services, providing pharmaceuticals and medical products to more than 40,000 locations each day. The company is also a manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company supports the growing diagnostic industry by supplying medical products to clinical laboratories and operating the nation’s largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease.[2]
[edit]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 [1]). As of April, 2010, it was ranked 17th on the Fortune 500 list with 2009 annual revenue of over $99 billion.[3] Cardinal employs more than 30,000 people worldwide.
In 1995, Medicine Shoppe International (St. Louis, est. 1970), the country’s largest franchise of retail pharmacies,[4] was acquired. The merger represents the first non-distribution acquisition by Cardinal Health.[5]
In 1997, in competition between Cardinal Health and McKesson Corporation, Cardinal Health had planned to purchase Bergen, to which McKesson responded with a bid to purchase Amerisource. Instead, Amerisource and Bergen merged into AmerisourceBergen.[6]
In 1999, Cardinal acquired the Chicago-based medical products manufacturer and distributor, Allegiance Healthcare—formerly a division of Baxter Healthcare. Among its proprietary products, Allegiance made surgical drapes, gloves, and gowns; Allegiance also distributed customized arrangements of medical supplies (called "custom sterile packs" and "procedure-based delivery systems") as a means of offering end-user health care personnel a means of making their supply chain more efficient.[7]
In April 2005, Jeffrey W. Henderson joined Cardinal Health as the Chief Financial Officer (CFO). R. Kerry Clark was appointed as President and CEO on April 17, 2006, with Robert D. Walter retaining the Chairmanship. On June 28, 2007, Cardinal Health announced the completion of the tender offer for VIASYS Healthcare.[8] On September 29, 2008 the company announced Kerry Clark would retire and George Barrett would become the Chairman and CEO. The company also announced plans to spin off the Clinical and Medical Products business as a separate publicly traded company under the name CareFusion, with David Schlotterbeck as CEO.[9] The spin-off was completed on September 1, 2009.[10] CareFusion's anticipated annual revenue will be approximately $4 billion.[9]
In June 2010, the company announced that it is planning to expand its presence in specialty pharmaceutical services with a definitive agreement to purchase Healthcare Solutions Holding in an upfront $517 million all-cash transaction.[11]
In December 2010, the company acquired Kinray, one of the last and largest independent pharmaceutical wholesalers in the United States. According to the Wall Street Journal, the acquisition increased Cardinal's presence in the independent pharmacy market by 40 percent.[12] Kinray had annual revenue of over $3.5 billion, and served about 2,000 independent retail pharmacy customers.[12]

McKesson Corporation

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McKesson Corporation (NYSE: MCK) is the largest health care company in the world, with sales of $106.6 billion in 2009.[2]
McKesson is based in the United States and distributes health care systems, medical supplies and pharmaceutical products. Additionally, McKesson provides extensive network infrastructure for the health care industry; also, it was an early adopter of technologies like bar-code scanning for distribution, pharmacy robotics, and RFID tags.[3]
It is a Fortune Global 500 company, and the 15th[4] largest company in the United States.
Founded in New York City as Olcott & McKesson by Charles Olcott and John McKesson in 1833, the business began as an importer and wholesaler of botanical drugs. A third partner, Daniel Robbins joined the enterprise as it grew, and it was renamed McKesson & Robbins following Olcott's death in 1853.
The company successfully emerged from one of the most notorious business/accounting scandals of the 20th century -- the McKesson & Robbins scandal, a watershed event that lead to major changes in American auditing standards and securities regulations after being exposed in 1938. Since the mid-20th Century, McKesson has derived an increasing proportion of its income from medical technology, rather than pharmaceuticals. This culminated in its purchase of medical information systems firm HBO & Company (HBOC) in 1999; the combined firm was briefly known as McKessonHBOC. Accounting irregularities at HBOC reduced the company's share price by half, and resulted in the dismissal and prosecution of many HBOC executives. The firm's name reverted to "McKesson" in 2001.[5] McKesson Technology Solutions, as the information technology branch of the company is now known, has continued to increase its market share through acquisitions, notably Per Se Technologies, RelayHealth, and Practice Partner. In 2010, McKesson acquired leading cancer services company US Oncology, Inc. for $2.16 billion, which was integrated into the McKesson Specialty Care Solutions business.
In addition to its offices throughout North America, McKesson also has international offices in Australia, Ireland, France, the Netherlands, and the United Kingdom. Today, McKesson is one of the oldest continually operating businesses in the United States.
Contents [hide]
1 McKesson Provider Technologies
2 Health Mart pharmacy franchise
3 McKesson Canada
4 McKesson in the United Kingdom
5 McKesson in Australia and New Zealand
6 Facilities
7 See also
8 References
9 External links
[edit]McKesson Provider Technologies

McKesson Provider Technologies is the retail name for McKesson Technology Solutions; the software development division of McKesson. Their customer base in the United States includes 50% of all health systems, 20% of all physician practices, 25% of home care agencies, and 77% of health systems with more than 200 beds.
[edit]Health Mart pharmacy franchise

Health Mart is a network of over 2,000 independently owned and operated pharmacies. It is a wholly owned subsidiary of McKesson Corporation, which owns the name "Health Mart." McKesson acquired Health Mart owner FoxMeyer in 1996.
[edit]McKesson Canada

In 1991, McKesson Corporation acquires a 100 percent interest in Medis Health and Pharmaceutical Services from Provigo. In 2002, the McKesson Canada name is adopted. McKesson Canada is a wholly owned subsidiary of McKesson Corporation. It includes various business units: McKesson Pharmaceutical, McKesson Automation, McKesson Specialty, McKesson Health Solutions and McKesson Information Solutions.
[edit]McKesson in the United Kingdom

In the United Kingdom, McKesson (operating as McKesson Information Solutions UK Ltd) is a provider of information technology services to the health care industry. In addition to numerous clinical software systems and finance and procurement services, McKesson also is responsible for developing the Electronic Staff Record system for the National Health Service which provides an integrated payroll system for NHS's 1.3 million staff, making it the world’s largest single payroll IT system. McKesson Shared Services also provides payroll services for over 20 NHS Trusts, paying over 100,000 NHS members.
McKesson's United Kingdom base is in Warwick with data centers in Newcastle upon Tyne and Romford and offices in Sheffield, Bangor, Glasgow and Vauxhall, South London. Across the United Kingdom, it employs over 500 people.
[edit]McKesson in Australia and New Zealand

In Australia and New Zealand, McKesson (operating as McKesson Asia-Pacific) is a provider of telephone-based services to the healthcare industry. McKesson's services include: telephone triage (see also telehealth and telenursing) health information, advice and referral, mental health triage and case management and chronic disease management.
Using specialised health call centre software, McKesson clinical staff take over one million calls per year from the community
McKesson's Asia-Pacific's head office is in Sydney with other offices in Melbourne, Perth, Adelaide, Wellington and Auckland. Across the Asia-Pacific region, it employs close to 700 people.

McKesson Corporation

Image via Wikipedia
McKesson Corporation (NYSE: MCK) is the largest health care company in the world, with sales of $106.6 billion in 2009.[2]
McKesson is based in the United States and distributes health care systems, medical supplies and pharmaceutical products. Additionally, McKesson provides extensive network infrastructure for the health care industry; also, it was an early adopter of technologies like bar-code scanning for distribution, pharmacy robotics, and RFID tags.[3]
It is a Fortune Global 500 company, and the 15th[4] largest company in the United States.
Founded in New York City as Olcott & McKesson by Charles Olcott and John McKesson in 1833, the business began as an importer and wholesaler of botanical drugs. A third partner, Daniel Robbins joined the enterprise as it grew, and it was renamed McKesson & Robbins following Olcott's death in 1853.
The company successfully emerged from one of the most notorious business/accounting scandals of the 20th century -- the McKesson & Robbins scandal, a watershed event that lead to major changes in American auditing standards and securities regulations after being exposed in 1938. Since the mid-20th Century, McKesson has derived an increasing proportion of its income from medical technology, rather than pharmaceuticals. This culminated in its purchase of medical information systems firm HBO & Company (HBOC) in 1999; the combined firm was briefly known as McKessonHBOC. Accounting irregularities at HBOC reduced the company's share price by half, and resulted in the dismissal and prosecution of many HBOC executives. The firm's name reverted to "McKesson" in 2001.[5] McKesson Technology Solutions, as the information technology branch of the company is now known, has continued to increase its market share through acquisitions, notably Per Se Technologies, RelayHealth, and Practice Partner. In 2010, McKesson acquired leading cancer services company US Oncology, Inc. for $2.16 billion, which was integrated into the McKesson Specialty Care Solutions business.
In addition to its offices throughout North America, McKesson also has international offices in Australia, Ireland, France, the Netherlands, and the United Kingdom. Today, McKesson is one of the oldest continually operating businesses in the United States.
Contents [hide]
1 McKesson Provider Technologies
2 Health Mart pharmacy franchise
3 McKesson Canada
4 McKesson in the United Kingdom
5 McKesson in Australia and New Zealand
6 Facilities
7 See also
8 References
9 External links
[edit]McKesson Provider Technologies

McKesson Provider Technologies is the retail name for McKesson Technology Solutions; the software development division of McKesson. Their customer base in the United States includes 50% of all health systems, 20% of all physician practices, 25% of home care agencies, and 77% of health systems with more than 200 beds.
[edit]Health Mart pharmacy franchise

Health Mart is a network of over 2,000 independently owned and operated pharmacies. It is a wholly owned subsidiary of McKesson Corporation, which owns the name "Health Mart." McKesson acquired Health Mart owner FoxMeyer in 1996.
[edit]McKesson Canada

In 1991, McKesson Corporation acquires a 100 percent interest in Medis Health and Pharmaceutical Services from Provigo. In 2002, the McKesson Canada name is adopted. McKesson Canada is a wholly owned subsidiary of McKesson Corporation. It includes various business units: McKesson Pharmaceutical, McKesson Automation, McKesson Specialty, McKesson Health Solutions and McKesson Information Solutions.
[edit]McKesson in the United Kingdom

In the United Kingdom, McKesson (operating as McKesson Information Solutions UK Ltd) is a provider of information technology services to the health care industry. In addition to numerous clinical software systems and finance and procurement services, McKesson also is responsible for developing the Electronic Staff Record system for the National Health Service which provides an integrated payroll system for NHS's 1.3 million staff, making it the world’s largest single payroll IT system. McKesson Shared Services also provides payroll services for over 20 NHS Trusts, paying over 100,000 NHS members.
McKesson's United Kingdom base is in Warwick with data centers in Newcastle upon Tyne and Romford and offices in Sheffield, Bangor, Glasgow and Vauxhall, South London. Across the United Kingdom, it employs over 500 people.
[edit]McKesson in Australia and New Zealand

In Australia and New Zealand, McKesson (operating as McKesson Asia-Pacific) is a provider of telephone-based services to the healthcare industry. McKesson's services include: telephone triage (see also telehealth and telenursing) health information, advice and referral, mental health triage and case management and chronic disease management.
Using specialised health call centre software, McKesson clinical staff take over one million calls per year from the community
McKesson's Asia-Pacific's head office is in Sydney with other offices in Melbourne, Perth, Adelaide, Wellington and Auckland. Across the Asia-Pacific region, it employs close to 700 people.