This article has been updated with stock market results and comments from Medtronic. A major new study has concluded that the use of stents in stable heart disease patients is no better than drugs to treat clogged arteries. Results of the Ischemia study were released at the American Heart Association annual meeting in Philadelphia on Saturday. The […]
Cardinal Health
Cardinal Health issues urgent field safety notice for Genius 2 and 3 thermometers
Cardinal Health (NYSE:CAH) has issued an urgent field safety notice to notify customers of a potential issue with the calibration of its Genius 2 and Genius 3 thermometers. The company said in the Oct. 30 notice that all Genius 2 tympanic thermometers manufactured after Oct. 1, 2016 were affected, along with all Genius 3 tympanic thermometers […]
DoD awards billions in contracts to Cardinal Health, Owens & Minor
The U.S. Defense Dept. announced that Cardinal Health (NYSE:CAH) and Owens & Minor (NYSE:OMI) are among a number of companies set to receive contracts exceeding $1 billion. Dublin, Ohio-based Cardinal Health was awarded a maximum of $2.25 billion in a 30-month base contract. The company has three 30-month option periods for worldwide ordering and distribution of its […]
Cardinal Health beats The Street in Q1 results
Cardinal Health (NYSE:CAH) reported sales growth of 6% in first-quarter results and reaffirmed its 2020 guidance. The Dublin, Ohio-based company reported losses of $5.3 billion, or -$16.65 per share, on sales of $37.3 billion for the three months ended Sept. 30, 2019, for a bottom-line loss of -749.5% sales growth of 6% compared with Q1 2019. […]
The 10 largest medical device companies in the world
The merger of the French lens manufacturer Essilor with Italian eyewear maker Luxottica boosted the new EssilorLuxottica into the top 10 of the Big 100 list of largest medical device companies in the world — produced by our sister site Medical Design & Outsourcing. Overall, consolidation continues to play a major role in shaping the […]
Cardinal Health’s Cordis expands recall of some Powerflex Pro catheters
Cardinal Health (NYSE:CAH) subsidiary Cordis this week expanded the recall of some of its Powerflex Pro catheters for treating peripheral artery disease, adding three lots to the list. Santa Clara, Calif.-based Cordis first recalled five lots of the Powerflex Pro device in Sept. 6, 2018, after a supplier said they didn’t meet an internal specification for […]
Cardinal Health beats The Street on Q2 & FY 2019 earnings, expects $145 million restructuring charge
Cardinal Health (NYSE:CAH) beat Wall Street’s earnings consensus by 10% for the fourth quarter of 2019, despite a disappointing performance by its medical sector. The Dublin, Ohio-based company posted profits of $194 million or $0.65 per share on sales of $37.4 billion for the three months ended June 30, 2019, for a bottom-line gain of […]
Ablative Solutions taps medtech vet Rumrill for CEO | Personnel Moves, July 16, 2019
Ablative Solutions tapped 30-year industry veteran Kate Rumrill, the former chief executive at NeoSync, to be its new president & CEO. Rumrill, whose resume includes stints at Covidien, Aspect Medical Systems and Eli Lilly, is slated to keep her seat on NeoSync’s board, San Jose, Calif.-based Ablative Solutions said. The company makes the Peregine renal […]
Cardinal Health joins $10m Series B for Medically Home Group
Cardinal Health (NYSE:CAH) has joined a $10 million Series B round for healthcare-focused tech-enabled services company Medically Home Group. Boston-based Medically Home Group is developing the Virtual Hospital, a platform intended to transform patient homes into temporary hospital units to enable home-based advanced medical care. Medically Home said that being able to deliver acute care in patient’s […]
Cardinal Health tops fiscal Q3 forecasts, raises earnings guidance
Cardinal Health (NYSE:CAH) topped the consensus for both the top and bottom lines during its fiscal third quarter and raised its earnings outlook for the rest of fiscal 2019. The Dublin, Ohio-based healthcare giant posted profits of $296 million, or 99¢ per share, on sales of 35.23 billion for the three months ended March 31, for […]
More device shortages pegged to sterilization plant shutdown
More medtech companies are experiencing shortages of medical devices due to the sudden closure in February of a Sterigenics sterilization plant. Officials from Cardinal Health (NYSE:CAH), and Guerbet (EPA:GBT) have written letters to customers indicating that certain devices are already in short supply or may experience shortages, Medical Device & Outsourcing has learned. The letter from Cardinal Health (Dublin, […]