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
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 […]
Cardinal Health’s CFO to move up to corner office
Cardinal Health (NYSE: CAH) announced today that its board has elected CFO Jason Hollar to become the pharma and medtech giant’s new chief executive officer, effective Sept. 1. Hollar will succeed Mike Kaufmann, who has been Dublin, Ohio–based Cardinal Health’s CEO for the past five years. The CEO transition comes as Cardinal Health continues efforts […]
Cardinal Health names new chief information officer
Cardinal Health (NYSE:CAH) announced today that it named Michelle Greene as its chief information officer. In her new role at Dublin, Ohio-based Cardinal Health, Greene will report to CEO Mike Kaufmann and join the company’s executive committee. “Michelle is a proven leader with a wealth of experience across multiple industries,” Kaufmann said in a news […]
Cardinal Health starts Zipline drone deliveries of drugs and medical supplies
Cardinal Health (NYSE: CAH) today started air delivery of pharmaceutical products and medical supplies via Zipline drone in North Carolina. San Francisco-based Zipline won FAA Part 135 air carrier certification for the long-range flights earlier this month. The company flew its first commercial deliveries on June 22 with an initial 16-nautical-mile flight. The flights starting today […]
FAA certifies Zipline for U.S. medical supply drone delivery
Zipline announced that it received certification from the U.S. Federal Aviation Administration (FAA) for U.S. drone deliveries. San Francisco-based Zipline garnered FAA Part 135 air carrier certification, authorizing it to complete the longest-range on-demand commercial drone deliveries in the U.S. Part 135 certification allows Zipline to significantly expand its U.S. service with partners, including Novant […]
Cardinal Health opens new distribution center in Ohio
Cardinal Health (NYSE:CAH) announced today that it added a new distribution center in the Columbus, Ohio, area. Dublin, Ohio–based Cardinal Health’s new distribution center, which folds into its multi-year warehouse modernization and growth strategy, will support its at-home solutions business that provides medical supplies for comfortable care in the home for those with chronic and serious […]
Cardinal Health slides on missed Q3 EPS projections, supply chain-related headwinds
Cardinal Health (NYSE:CAH) shares took a hit today on third-quarter results that missed the consensus earnings forecast. CAH shares were down 5.3% at $57.30 per share in mid-afternoon trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down 3.1%. Today, the Dow Jones Industrial Average […]