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Last $91.38 USD
Change Today -0.12 / -0.13%
Volume 1.3M
CAH On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

cardinal health inc (CAH) Snapshot

Open
$91.41
Previous Close
$91.50
Day High
$91.78
Day Low
$90.90
52 Week High
04/23/15 - $91.89
52 Week Low
05/5/14 - $63.06
Market Cap
30.2B
Average Volume 10 Days
1.4M
EPS TTM
$3.67
Shares Outstanding
330.1M
EX-Date
03/30/15
P/E TM
24.9x
Dividend
$1.37
Dividend Yield
1.50%
Current Stock Chart for CARDINAL HEALTH INC (CAH)

cardinal health inc (CAH) Related Businessweek News

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cardinal health inc (CAH) Details

Cardinal Health, Inc., a healthcare services company, provides pharmaceutical and medical products and services in the United States and internationally. The company operates in two segments, Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, over-the-counter healthcare, specialty pharmaceutical, and consumer products to retailers, including chain and independent drug stores and pharmacy departments of supermarkets and mass merchandisers; hospitals; and other healthcare providers. This segment offers distribution, inventory management, data reporting, new product launch support, and contract pricing and chargeback administration services to pharmaceutical manufacturers; operates nuclear pharmacies and cyclotron facilities that manufacture, prepare, and deliver radiopharmaceuticals for use in nuclear imaging and other procedures in hospitals and physician offices; franchises retail pharmacies under the Medicine Shoppe and Medicap brands; provides pharmacy services to hospitals and other healthcare facilities; and offers logistics, marketing, and other services. This segment also provides various consulting and other services to pharmaceutical manufacturers, third-party payors, and healthcare providers. The Medical segment distributes a range of medical, surgical, and laboratory products to hospitals, ambulatory surgery centers, clinical laboratories, physician offices, and other healthcare providers; and offers supply chain services, including spend, distribution, and inventory management services to healthcare providers. This segment also develops, manufactures, and sources a line of private brand medical and surgical products comprising surgical drapes, gowns, and apparel; exam and surgical gloves; and fluid suction and collection systems, as well as sterile and non-sterile procedure kits directly or through third-party distributors. Cardinal Health, Inc. was founded in 1979 and is headquartered in Dublin, Ohio.

34,000 Employees
Last Reported Date: 08/13/14
Founded in 1979

cardinal health inc (CAH) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $647.7K
Chief Executive Officer of Medical Segment
Total Annual Compensation: $647.7K
Chief Legal and Compliance Officer
Total Annual Compensation: $508.5K
Executive Officer
Total Annual Compensation: $756.9K
Compensation as of Fiscal Year 2014.

cardinal health inc (CAH) Key Developments

Cardinal Health to Pay $26.8 Million in Federal Trade Commission Settlement

Cardinal Health will pay $26.8 million as part of a settlement with the Federal Trade Commission over charges it monopolized the sale in 25 markets of diagnostic drugs known as low-energy radiopharmaceuticals. The charges allege that the company forced hospitals and clinics to pay inflated prices for the drugs, used to diagnose a range of conditions, including heart disease. The Federal Trade Commission said that Cardinal Health did this by employing various tactics to get both Bristol Myers-Squibb and General Electric Co. to refuse to grant distribution rights for their radiopharmaceuticals used in heart stress tests to potential Cardinal competitors in those 25 markets. Without rights for those agents, competitors' businesses were not financially viable. The settlement money will be placed in a fund that will be distributed to customers who had to pay the inflated prices.

Cardinal Health Agrees to Pay $26.8 Million to Settle Charges It Monopolized 25 Markets for the Sale of Radiopharmaceuticals to Hospitals and Clinics

In its latest action to ensure competition in the nation's healthcare markets, the FTC announced that Cardinal Health, Inc. has agreed to resolve charges that it illegally monopolized 25 local markets for the sale and distribution of low-energy radiopharmaceuticals and forced hospitals and clinics to pay inflated prices for these drugs. The proposed stipulated order requires Cardinal to pay $26.8 million of ill-gotten gains and represents the second large monetary settlement the FTC has obtained in an antitrust case. The money will be deposited into a fund for distribution to injured customers. The order also includes provisions to prevent future violations and restore competition in six markets where Cardinal remains the dominant radiopharmacy. As alleged in the FTC complaint, between 2003 and 2008, Bristol-Myers Squibb and General Electric Co. were the only U.S. manufacturers of heart perfusion agents or HPAs. HPAs are radiopharmaceuticals used to perform heart stress tests, the most common procedure in nuclear medicine. As such, they are key inputs for a financially viable radiopharmacy business. During this time, a radiopharmacy could not profitably enter a new market and compete without obtaining the right to distribute either Cardiolite. According to the FTC's complaint, through separate acquisitions in 2003 and 2004, Cardinal became the large operator of radiopharmacies in the United States and the sole radiopharmacy operator in 25 metropolitan areas. Between 2003 and 2008, Cardinal employed various tactics to coerce and induce both BMS and GE to refuse to grant distribution rights for their respective HPA products to new competitors in the relevant markets.  As described in the complaint, Cardinal's anticompetitive tactics included: Cancelling, and threatening to cancel, Cardinal's current or future purchases of the manufacturers' radiopharmaceutical products; Threatening to switch, and actually switching, customers from BMS's Cardiolite to GE's Myoview in the relevant markets to pressure BMS to abandon plans to license Cardiolite to new competitors; Threatening to compete, and offering to forego competing, against BMS as a generic HPA manufacturer; and Conditioning Cardinal's future relationship with GE in the radiopharmaceutical. Under the proposed stipulated federal court order, Cardinal is required to pay $26.8 million as disgorgement of its ill-gotten gains. In addition, the order bars Cardinal from entering into simultaneous exclusive deals with manufacturers of the same radiopharmaceutical product or from using coercion or retaliation to obtain de facto exclusivity. The order also requires Cardinal to notify the FTC before entering into new exclusive distribution agreements or buying radiopharmacy assets that would not otherwise be subject to the notification requirements of the Hart-Scott Rodino Act.

PharMerica Signs Wholesale Drug Distribution Agreement with Cardinal Health, Effective April 1, 2015

PharMerica Corporation has signed a new wholesale drug distribution agreement with Cardinal Health, Inc. The new agreement will take effect on April 1, 2015 and extend through June 2018. As part of the agreement, Cardinal Health will assume responsibility for the sourcing and distribution of branded and generic pharmaceuticals for PharMerica.

 

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Industry Analysis

CAH

Industry Average

Valuation CAH Industry Range
Price/Earnings 28.3x
Price/Sales 0.3x
Price/Book 5.0x
Price/Cash Flow 22.6x
TEV/Sales 0.2x
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