Cardinal Health
From Wikipedia, the free encyclopedia
| Cardinal Health, Inc. | |
 |
|
| Type | Public (NYSE: CAH) |
|---|---|
| Founded | 1971 |
| Headquarters | Dublin, Ohio, USA |
| Key people | Robert D. Walter, Chairman; R. Kerry Clark, President and CEO |
| Industry | Drug Wholesale |
| Products | hospital / laboratory / physician office products; pharmaceuticals; logistics; drug development / delivery systems; contract manufacturing / packaging; infusion systems; clinical services |
| Revenue |  $81.4 billion USD (2006) |
| Operating income | $2.0 billion USD (2006) |
| Employees | 55,000 (2006) |
| Website | cardinalhealth.com |
Before you believe anything regarding patient safety on the corporate website of Cardinal Health, CAH, which is found at http://www.cardinal.com/patientsafety/solutions/index.asp You must read this sad story that starts with a lone inventor as told at http://www.inventorsalliance.org/index.cgi?show&ff=wwwboard/messages/1227.htm and ends with a story in the Washington Post about a drug packaging mistake that killed three babies at the Riley Hospital for Children in Indianapolis, Indiana. http://www.washingtonpost.com/wp-dyn/content/article/2006/09/20/AR2006092000358.html The public record of what happened is that CAH bought a company called Automatic Liquid Packaging of Woodstock, IL and was reported on the CAH website at http://www.cardinal.com/content/news/080599_56275.asp . A few years later, CAH manufactured the same product that would have prevented the tragedy reported in the Washington Post for American Pharmaceutical Partners under a license from Barry Farris, the inventor mentioned in the above inventor’s story. APP knew that the SmartAmp was a giant leap forward in patient safety and that the product was much cheaper to manufacture and sell. The press release can be found at http://www.primezone.com/newsroom/news.html?d=23549 The Manager of the CAH Woodstock facility, Rick Schindewolf refused to cooperate with APP according to the Manager of APP, Jeff Yordon. Shortly after the refusal of CAH to make SmartAmp products for APP, Schindewolf induced Farris to sell the SmartAmp patents to CAH with a promise to pay royalties to Farris. Farris was unable to market the product by himself as his wife was fighting her third bout of breast cancer. Schindewolf intentionally did nothing with the SmartAmp according to many current and former CAH employees as well as Frank Leo, the former president of CAH Woodstock, thereby depriving not only Farris of money that was owed to him, but depriving CAH shareholders of as much as a half billion dollars of profit annually as the SmartAmp design could replace nearly all of the 11 billion ampoules and vials used annually in the world at more than a ten cent profit per unit for CAH. The legal department was told of these facts and failed to take any action that would benefit anyone other than the personal agenda of Schindewolf. Farris currently lives in poverty in San Francisco and barely survived a heart attack and by-pass surgery in 2005 brought on by the misrepresentations of Schindewolf.
Cardinal Health (NYSE: CAH) is a multinational American company providing products and services designed to improve productivity and safety in healthcare. It is the second largest health care corporation in the United States, after McKesson.
Contents |
[edit] Overview
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $81 billion, global healthcare company committed to making healthcare safer and more productive.
Cardinal Health makes healthcare safer and more productive by applying customer-driven innovation and customer-focused execution to deliver the tangible results that matter most to healthcare organizations.
The company manufactures, packages and distributes pharmaceuticals and medical supplies, offers a range of clinical services and develops automation products that improve the management and delivery of supplies and medication for hospitals, physician offices and pharmacies.
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. As of 2006, it was ranked 19th on the Fortune 500 list and employs more than 55,000 people on six continents.
R. Kerry Clark was appointed as President and CEO on 17 April 2006, with Robert D. Walter retaining the Chairmainship.
[edit] Facts
Cardinal Health:
-
- Manufactures pharmaceuticals for 9 out of the top 10 pharma companies and most leading biotech firms
-
- Employs more than 1,800 pharmacists, 1,000 scientists, Ph.Ds
-
- Holds more than 1,500 patents worldwide
-
- Delivers unit-doses of radiopharmaceuticals to 90 percent of U.S. hospitals within 3 hours
Some rough daily statistics:
-
- Develops, manufactures and packages more than 500 million doses of pharmaceuticals (6,000 per second)
-
- Manufactures more than four million medical/surgical products, including surgical instruments, respiratory products, suction tubing, surgical drapes, gowns and gloves, in 31 facilities worldwide
-
- Provides more than 1,000 hours of temporary staffing in retail pharmacy chains, hospitals, mail order pharmacies, HMOs, home infusion companies and long-term facilities
-
- Makes over 40,000 deliveries of pharmaceutical and medical/surgical products
-
- Picks and delivers more than two million pharmaceutical products for 35,000 customers nationwide
[edit] Facilities
-
- 30 medical/surgical manufacturing plants
- 46 medical/surgical distribution centers
- 25 pharmaceutical distribution centers in the U.S.
- 42 pharmaceutical manufacturing, laboratory and packaging facilities in 11 countries
- 2 Financial Shared Service Centers in Dublin, Ohio and Albuquerque, New Mexico
- 2 Customer Service Centers Little Rock, Arkansas and Radcliff, Kentucky
