Cardinal Health announced today that it launched its next-generation NTrainer 2.0 device for neonatal feeding. Dublin, Ohio-based Cardinal Health designed the NTrainer 2.0 to help premature and newborn infants develop oral coordination skills. These skills — important for a speedy transition to independent feeding — helps to reduce NICU length of stay. Through real-time assessment […]
Cardinal Health
What are the largest medical device companies?
Medtronic, Johnson & Johnson MedTech and Siemens Healthineers again lead the Medtech Big 100 list of largest medical device companies. However, there is so much more to Medical Design & Outsourcing and MassDevice‘s 2023 edition of the Medtech Big 100 report. We pulled thousands of data points to provide information on annual revenue, R&D spending, […]
Cardinal Health sales grow 12.7% in Q3 despite Medical segment declines
Cardinal Health shares ticked up today on third-quarter results that beat the consensus forecast. Shares of CAH rose 1.5% at $82.06 apiece in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — fell 0.5%. The Dublin, Ohio–based company posted profits of $345 million in the […]
Cardinal Health, MedStar Health tackle a hairy surgical problem
Cardinal Health , in collaboration with MedStar Health’s Institute for Innovation, has launched Stray Away. Stray Away’s creators describe it as a unique hair management drape designed to streamline surgical procedure preparation and improve the patient experience. This goal is to minimize hair obstruction in the surgical area, saving valuable time for surgical teams while […]
Cardinal Health says Medical segment profits and sales down in Q2
Cardinal Health (NYSE: CAH) today posted second-quarter results that beat the overall consensus on Wall Street. The Dublin, Ohio-based company reported losses of $130 million, or 50¢ per share, on sales of $51.5 billion for the three months ended December 31, 2022. Cardinal Health’s results swung to a loss versus the same quarter a year […]
The biggest medtech stock gainers, losers in 2022
In another roller coaster year for medtech, these are the companies that saw their stock rise and fall the most drastically. The MassDevice MedTech 100 Index, which includes stocks of the world’s largest medical device companies, reflects the performance of many in the medtech space. In a tough year for a lot of businesses, the Index […]
Cardinal Health names new CFO
Cardinal Health (NYSE:CAH) announced today that it appointed Aaron Alt as its new chief financial officer (CFO). Alt succeeds interim CEO Trish English, reporting to CEO Jason Hollar. He also joins Cardinal Health’s executive committee, effective Feb. 10, 2023. Hollar previously served as CFO before taking over the corner office at Cardinal Health in September. […]
Cardinal Health research finds acknowledged health inequities among oncologists
Cardinal Health (NYSE:CAH) today announced biannual research revealing a large number of healthcare inequities in oncology. The latest edition of Oncology Insights features perspectives from nearly 200 oncologists nationwide. It focuses on patient diversity, health equity in oncology, care management and symptom monitoring. Dublin, Ohio-based Cardinal Health said its research found that 80% of oncologists […]
Cardinal Health wants to bring hospital-level care into the home
Cardinal Health (NYSE: CAH) announced today that it is launching a pilot chain supply chain network to enable hospital-level healthcare in people’s homes. The Dublin, Ohio–based medical device and pharmaceuticals supplier is launching the Velocare supply chain network and last-mile fulfillment service through a strategic partnership with Boston-based Medically Home. Early this year, Cardinal Health […]
Cardinal Health beats The Street in Q1 — but takes a hit on PPE
Cardinal Health (NYSE: CAH) today reported first-quarter results that beat the consensus forecast on Wall Street, sticking by its full-year EPS guidance. The Dublin, Ohio–based pharma and medtech giant earned $110 million, or 40¢ per share, off $49.6 billion in revenue for the quarter ended Sept. 30, 2022. The bottom line was less than half […]
What are the largest medical device companies?
Medtronic, Johnson & Johnson MedTech and Siemens Healthineers top the Big 100 list of largest medical device companies by revenue. The 2022 edition of MassDevice and Medical Design & Outsourcing‘s Big 100 report also holds surprises. Big conglomerates are spinning out medtech businesses as stand-alone companies, and that means changes to the list of the […]
