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Tag: Cardinal Health


News

In brief: Quipt’s ‘robust’ quarter, Cardinal’s raised guidance, Paragon’s 30th anniversary 

February 16, 2024HME News Staff

CINCINNATI – Quipt Home Medical reported revenue of $65.4 million for the first quarter of fiscal 2024, a 60% increase compared to the same period last year.  Adjusted EBITDA was $15.3 million (23.5% of revenue) vs. $9.0 million (22% of revenue), a 71% increase; and net income (loss) was $(0.6) million vs. $0.3 million.  “We continued experiencing robust demand trends in the first quarter across our diverse product offering and are very pleased with the continued record...

Cardinal Health, Paragon Ventures, Quipt Home Medical


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Cardinal Health raises guidance 

February 15, 2024HME News Staff

DUBLIN, Ohio – Cardinal Health’s medical segment reported revenue of $3.9 billion, a 3% increase, driven by growth in at-Home Solutions and Global Medical Products and Distribution, primarily reflecting higher Cardinal Health brand volumes. The segment’s profit increased by $54 million to $71 million in the quarter, driven by an improvement in net inflationary impacts, including mitigation measures. Overall, Cardinal Health reported revenue of $57.4 billion for the second quarter...

Cardinal Health, Cardinal Health at-Home


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News

In brief: MA payments, tech stage, device risk, Cardinal acquisition

February 2, 2024HME News Staff

WASHINGTON – CMS has released a Calendar Year 2025 Advance Notice for the Medicare Advantage and Medicare Part D Prescription Drug Programs that would pave the way for payments to MA plans to increase on average by 3.7%, or more than $16 billion, from 2024 to 2025.  “CMS continues to ensure that Medicare Advantage and Part D prescription drug plans remain strong, stable and affordable offerings,” said CMS Administrator Chiquita Brooks-LaSure. “The Advance Notice upholds...

Advanced Diabetes Supply, Cardinal Health, FreeStyle Libre, Medicare Advantage, MK Battery, Rolko North America


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Cardinal Health to acquire Specialty Networks

February 1, 2024HME News Staff

DUBLIN, Ohio – Cardinal Health has entered into an agreement to acquire Specialty Networks, a technology-enabled, multi-specialty group purchasing and practice enhancement organization, for $1.2 billion in cash. The acquisition demonstrates Cardinal Health's strategic prioritization of investing to accelerate growth in its Specialty business and provide leading-edge technologies, capabilities and talent that address critical business and customer needs. It also complements Cardinal Health's...

Cardinal Health, Specialty Networks


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Vendors

Cardinal Health doubles down on at-Home Solutions

January 11, 2024HME News Staff

DUBLIN, Ohio – Cardinal Health plans to further invest in its Medical Segment, which includes at-Home Solutions, its home medical supplies business, and has realigned its structure to accelerate growth.   To support increased demand for at-Home Solutions, which generates $2.6 billion in revenue, the company is investing in network expansion and additional distribution centers. It has announced plans to build a new distribution center in Texas, with increased capacity, advanced...

at-Home Solutions, Cardinal Health, Medical supplies


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Jason Hollar

Vendors

Cardinal Health raises outlook on strong Q1 

November 6, 2023HME News Staff

DUBLIN, Ohio – Cardinal Health reported revenue of $54.8 billion for the first quarter of fiscal year 2024, a 10% increase year over year.  The company reported revenue of $3.8 billion for its medical segment, which was flat due to lower PPE volumes and pricing, offset by growth in at-Home Solutions and inflationary impacts, including mitigation initiatives.  "With strong first quarter results, we are continuing our operating momentum into fiscal 2024," said Jason Hollar, CEO...

at-Home Solutions, Cardinal Health, Financial Results


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Cardinal Health looks to at-Home Solutions for growth

Vendors

Cardinal Health looks to at-Home Solutions for growth

August 25, 2023HME News Staff

DUBLIN, Ohio – Cardinal Health didn’t see much movement in revenue for its Medical segment in the fourth quarter of fiscal year 2023, but the company’s at-Home Solutions was a highlight, helping to offset losses in Products and Distribution.  The company reported about $3.8 billion in revenue for the Medical segment in both the fourth quarters of FY23 and FY22. It reported about $15 billion in revenue for the full year, down from $15.9 billion for the previous year.  “We...

Cardinal Health, Cardinal Health at-Home


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Cardinal Health at-Home Solutions to open largest distribution center yet 

June 15, 2023HME News Staff

DUBLIN, Ohio – Cardinal Health has plans to build a new distribution center in the Greenville, S.C., area to support its at-Home Solutions business. At about 350,000 square feet, the new center will provide at-Home Solutions with the space and automation it needs to serve its existing customers and patients, while allowing for business expansion. “I am thrilled about this new space, which is the second building we’ve built from the ground up inside of two years – and the largest...

at-Home Solutions, Cardinal Health, Distribution Center


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News

In brief: Cardinal Health partners with Square, Quipt terminates equity program 

June 2, 2023HME News Staff

DUBLIN, Ohio, and SAN FRANCISCO – Cardinal Health has partnered with Square to launch modern payment solutions for independent pharmacies and give them access to products that can help them better manage their business.  The partnership allows Cardinal Health to offer its independent pharmacy customers access to innovative products that can seamlessly manage business operations, integrate flexible payment options for in-store, online and delivery purchases, and reduce payment processing...

Cardinal Health, Quipt Home Medical


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Vendors

Cardinal Health, Square to offer payment solutions for indie pharmacies

June 1, 2023HME News Staff

DUBLIN, Ohio and SAN FRANCISCO – Cardinal Health has partnered with Square to launch modern payment solutions for independent pharmacies and give them access to products that can help them better manage their business.  The partnership allows Cardinal Health to offer its independent pharmacy customers access to innovative products that can seamlessly manage business operations, integrate flexible payment options for in-store, online and delivery purchases, and reduce payment processing...

Cardinal Health, Square


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