Related Stocks: EMBC , MCK , CAH , REGN , ENTA ,
The apparent large stake from activist investor Elliott Management in Cardinal Health (CAH) could help catalyze focus on margin improvements and unlocking value in the Medical segment.
It''s been a busy few weeks for the activist hedge fund, which recently revealed other activist stakes in Pinterest, PayPal, and Cardinal Health.
Shares of Cardinal Health Inc. (NYSE: CAH) hit a new all-year high of $71.45 yesterday after activist hedge fund Elliott Management disclosed a large stake in the health care services company. Shares ended the day almost flat at $69.97 on August 15. Paul Singer-led Elliott nominated five candidates for the Cardinal’s Board about two weeks back. The last date for nominating directors ended on August 7. Although Elliott’s intention to invest in Cardinal is unknown, the activist hedge fund has also increased stakes in Aerojet Rocketdyne (AJRD), Pinterest (PINS), PayPal Holdings (PYPL), and Endeavor Group Holdings (EDR). Cardinal Health is one of the largest American medical products distributors.
Activist investor Elliott Management has a large position in Cardinal Health Inc. and is seeking a handful of seats on the medical-products distributor’s…
Wholesale drug distributors Cardinal Health (CAH) and McKesson both hit 52-week highs today of, respectively, $71.45 and $371.92.
The investor group suggested five directors join the company''s 11-person board. The report comes a few days after Cardinal delivered an earnings miss.
Activist investor Elliott Management has a large position in Cardinal Health Inc and is seeking a few seats on the medical products distributor’s board, the Wall Street Journal reported on Monday, citing people familiar with the matter. Elliott nominated five directors to the 11-person board roughly two weeks ago, before Mike Kaufmann stepped down as […]
Investment firm Elliott Management has taken a large position in Cardinal Health (CAH) and has nominated five directors for the drug wholesaler''s board, The Wall Street Journal…
Activist investor Elliott Management has a large position in Cardinal Health Inc and is seeking a few seats on the medical products distributor’s board, the Wall Street Journal reported, citing people familiar with the matter. ( (Reporting by Leroy Leo in Bengaluru; Editing by Arun Koyyur)
According to Benzinga Pro, during Q4, Cardinal Health (NYSE: CAH ) earned $137.00 million, a 109.86% increase from the preceding quarter. Cardinal Health also posted a total of $47.10 billion in sales, a 5.06% increase since Q3. In Q3, Cardinal Health brought in $44.84 billion in sales but lost $1.39 billion in earnings. What Is ROIC? Return on Invested Capital is a measure of yearly pre-tax profit relative to capital invested by a business. Changes in earnings and sales indicate shifts in a company''s ROIC. A higher ROIC is generally representative of successful growth … Full story available on Benzinga.com
Cardinal Health Inc. (NYSE: CAH) Q4 2022 earnings call dated Aug. 11, 2022 Corporate Participants: Kevin Moran — Vice President of Investor Relations Mike Kaufmann — Chief Executive Officer Jason Hollar — Chief Financial Officer Analysts: […] The post Cardinal Health Inc. (CAH) Q4 2022 Earnings Call Transcript first appeared on AlphaStreet .
Cardinal Health Inc. (NYSE: CAH) Q4 2022 earnings call dated Aug. 11, 2022
Cardinal Health, Inc. (NYSE:NYSE:CAH) Q4 2022 Earnings Conference Call August 11, 2022, 08:30 ET Company Participants Kevin Moran - VP, IR Michael Kaufmann - CEO & Director Jason Hollar…
Third Annual Award Program Powered by Peer Voting Recognizes Heroes for Ability to Respond to IT Inc BigPanda, the leader in AIOps Event Correlation and Automation, and online incident management academy Blackrock 3 Partners, announced the winners of the 2022 Incident Commander Awards, a peer-voted award program honoring IT rockstars in support, ITOps, DevOps, SRE […] The post BigPanda and Blackrock 3 Partners Honor Incident Commanders from Cardinal Health, Milestone Technologies, OneMain Financial and Sony PlayStation appeared first on AiThority .
Chief Executive Officer Mike Kaufmann is leaving the healthcare products distributor as it struggles with the impact of inflation and supply-chain constraints.
(Thursday Market Open) Investors look to build on the momentum from yesterday’s softer-than-expected Consumer Price Index (CPI) that prompted a broad rally in the stock market. Potential Market Movers The Producer Price Index (PPI) was also softer than expected in July with wholesale inflation actually falling 0.5% for the month — coming in at 5.8% year over year (YOY). Core PPI increased 0.2% for July, lower than the forecasted 0.4%. Core PPI was on target YOY at 7.6%. Lower wholesale inflation should translate into lower input costs for companies, which could mean wider profit margins. Equity index futures were higher before the report came in and eventually moved higher after some initial volatility. The Cboe Market Volatility Index (VIX) remained relatively unchanged after the report, staying below the 20 level. Some other positive inflation news came from AAA, which reported that the average gas price in the U.S. fell below $4 per gallon at $3.99. This is the lowest average since March.
Cardinal Health declares $0.4957 dividendCardinal Health declares $0.4957 dividend
WASHINGTON (dpa-AFX) - Cardinal Health Inc (CAH) released a profit for its fourth quarter that increased from last year but missed the Street estimates.The company''s earnings totaled $138 million,…
WASHINGTON (dpa-AFX) - Healthcare services company Cardinal Health (CAH) announced Thursday that its Board of Directors has elected Jason Hollar as the company''s next Chief Executive Officer, effe…
Cardinal Health (NYSE: CAH ) reported its Q4 earnings results on Thursday, August 11, 2022 at 06:45 AM. Here''s what investors need to know about the announcement. Earnings Cardinal Health missed estimated earnings by 10.26%, reporting an EPS of $1.05 versus an estimate of $1.17. Revenue was up $4.52 billion from the same period last … Full story available on Benzinga.com
Cardinal Health Inc. shares undefined slumped 4.5% in premarket trade Thursday, after the drug distributor missed profit estimates for the second quarte and…
The shares of drug distributor Cardinal Health (CAH) fell ~3% in the pre-market Thursday after the company announced the resignation of its Chief Executive Officer Mike…
Cardinal Health (CAH) is scheduled to announce Q4 earnings results on Thursday, August 11th, before market open.The consensus EPS Estimate is $1.18 (+53.2% Y/Y) and the consensus…
New Jersey, USA -- ( SBWIRE ) -- 08/08/2022 -- The latest study released on the Global Interventional Radiology Devices Market by AMA Research evaluates market size, trend, and forecast to 2027. The Interventional Radiology Devices market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in This Report Include: Abbott (United States), B. Braun (Germany), Boston Scientific (United States), Koninklijke Philips (Netherlands), Cardinal Health (United States), Medtronic (Ireland), Alvimedica (Turkey), Guerbet (France), Angiodynamics (United States), Balton (Poland) and Brosmed Medical (China). Additionally, following companies can also be profiled that are part of our coverage like Biosensors (Switzerland), Biotronik (Germany), Cook Medical (United States) and Endocor (Germany) Download Sample Report PDF (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/78326-global-interventional-radiology-devices-market Definition: Image-guided surgery seems to be what interventional radiology is all about.
The Labor Department issues its second-quarter snapshot of U.S. employee productivity Tuesday and its latest monthly index of inflation at the consumer level Wednesday
Tennessee’s attorney general said Wednesday he has sued Walgreens, accusing the drugstore chain of contributing to the state’s opioid crisis by failing to maintain effective controls against the abuse of prescription pain pills. The lawsuit seeking unspecified civil penalties was filed in Knox County Circuit Court by Attorney General Herbert H. Slatery III and alleges violations of Tennessee’s Consumer Protection Act. The lawsuit said that between 2006 and 2020, Walgreens retail stores in Tennessee dispensed more than 1.1 billion oxycodone and hydrocodone pills. One pharmacy alone in Jamestown dispensed enough opioids over that period to supply each resident with 2,104 pills. “Walgreens did not flood the State of Tennessee with opioids by accident,” Slatery said in a statement. “Rather, the fuel that Walgreens added to the fire of the opioid epidemic was the result of knowing — or willfully ignorant — corporate decisions. Walgreens ignored numerous red flags and failed to detect and prevent the abuse and diversion of dangerous narcotics.” Walgreens did not offer immediate comment Wednesday.
Some of the key players profiled in the study are Caisse Nationale de Prevoyance, Samsung Life Insurance, Berkshire Hathaway, State Farm Insurance, AXA, Sumitomo Life Insurance, China Ping An Insurance Co., Ltd., China Life Insurance Company, Japan Post Holdings Co., Ltd., Cardinal Health, PICC, Nippon Life Insurance, Botswana Insurance Company, Munich Re Group,…
The settlement reached with McKesson, AmerisourceBergen and Cardinal Health is the latest in a wave of others over the past year.
Botswana Insurance Market 2022-2028 Edison, NJ -- ( SBWIRE ) -- 08/02/2022 -- 2022-2030 World Botswana Insurance Market Report Professional Analysis 2022 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Botswana Insurance Market. Some of the key players profiled in the study are Caisse Nationale de Prevoyance, Samsung Life Insurance, Berkshire Hathaway, State Farm Insurance, AXA, Sumitomo Life Insurance, China Ping An Insurance (Group) Co., Ltd., China Life Insurance (Group) Company, Japan Post Holdings Co., Ltd., Cardinal Health, PICC, Nippon Life Insurance, Botswana Insurance Company, Munich Re Group, Asahi Mutual Life Insurance, MetLife Inc., AVIVA, Aegon, American International Group, Allianz, UK Legal and General, Assicurazioni General, Zurich Financial Services, The Dai-ichi Life Insurance Company, Limited & Prudential.
Related Stocks: MMM , CLX , CONE , CAH , KMB ,
CHARLESTON, W.Va. (AP) — West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors, lawyers announced Monday. In a lawsuit in state court, the cities and counties accused the distributors of fueling the opioid epidemic. The companies are AmerisourceBergen, Cardinal Health and McKesson. The funds will be distributed over 12 years. “This is a monumental settlement for the state of West Virginia, and it’s been a battle that’s been waged by a lot of families, a lot of communities,” Wheeling attorney Bob Fitzsimmons told news outlets. “A lot of bad things have happened as a result of the opioid epidemic.” Fitzsimmons and Huntington attorney Paul Farrell Jr. said the individual counties and municipalities still must approve the settlement. Lauren Esposito, vice president of external and executive communications for AmerisourceBergen, said the settlement will avoid years of litigation and help get resources to areas affected by opioid misuse, as well as make sure health care facilities are able to access medications that patients and providers need, news outlets reported.
Three leading drug distributors in the U.S., McKesson (MCK), AmerisourceBergen (ABC), and Cardinal Health (CAH), have struck a $400M settlement with West Virginia''s cities and counties…
West Virginia’s cities and counties reached a $400 million settlement on Monday with drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc, resolving the local governments’ allegations that the three companies fueled an opioid crisis in the state. More than 100 local governments had sued the drug distributors, alleging they recklessly oversupplied West Virginia […]
West Virginia’s cities and counties reached a $400 million opioid settlement with drug distributors McKesson Corp, AmerisourceBergen and Cardinal Health, West Virginia attorney general Patrick Morrisey said Monday. (Reporting by Dietrich Knauth)
Cardinal Health (CAH) appoints Michelle Greene as the Chief Information Officer and will report to CEO, Mike Kaufmann and join the company''s executive committee.Greene started…
Cardinal Health has named a new tech chief.
Cardinal Health sees its Relative Strength Rating enter the 80-plus level.
Quipt Home Medical (QIPT) on Monday said it had entered into a supply and distribution agreement for medical supplies with a business of U.S.-drug distributor Cardinal Health…
Quipt Home Medical Corp. (QIPT) has signed a contract with Cardinal Health… The post Quipt Home Medical (TSXV:QIPT) announces supply contract with Cardinal Health appeared first on The Market Herald .
Contract for Supply of Disposable Medical Supplies Bolsters Interconnected Healthcare Network During National Expansion Contract for Supply of Disposable Medical Supplies Bolsters Interconnected Healthcare Network During National Expansion
An Ohio court will hold a hearing on Oct. 4 where it will likely formally approve a $124M settlement in a shareholder derivatives lawsuit against Cardinal Health (CAH).
Smart Syringe Market Research focuses on the key trends prevailing in the Global Smart Syringe Industry sector. The existing Industry scenario has been studied and future projections with respect to the sector have also been investigated. Market study report
Cardinal Health has been unsuccessful in growing earnings. A recent court ruling in favor of CAH provided a boost. The market-implied outlook to early 2023 is slightly bullish.
Surgical Equipment Market report 2022 provides detailed study of market concentration rate of raw materials, sales, revenue, price trend by type, competitive landscape. The Surgical Equipment market report includes historical and forecast data, manufacturing process analysis, demand, industry share, market
New Jersey, NJ -- ( SBWIRE ) -- 07/13/2022 -- A new intelligence report released by HTF MI with title "Global Property Insurance Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Property Insurance offers energetic visions to conclude market size, opportunities, growth pattern, and competitive surroundings. The research is derived through primary and secondary sourced data and includes both qualitative and quantitative detailing. Some of the key players profiled in the study are Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Assicurazioni Generali, Cardinal Health, State Farm Insurance, Dai-ichi Mutual Life Insurance, Munich Re Group, Zurich Financial Services, Prudential, Asahi Mutual Life Insurance, Sumitomo Life Insurance, MetLife, Allstate, Aegon, Prudential Financial, New York Life Insurance, Meiji Life Insurance, Aetna, CNP Assurances, PingAn, CPIC, TIAA-CREF, Mitsui Mutual Life Insurance, Royal & Sun Alliance, Swiss Reinsurance, Yasuda Mutual Life Insurance & Standard Life Assurance.
Cardinal Health (CAH) said it acquired the Bendcare group purchasing organization (CPO-GPO) entity and made a minority investment in Bendcare management services…
Fire Insurance Market to See Massive Growth by 2028 New Jersey, NJ -- ( SBWIRE ) -- 07/05/2022 -- Fire Insurance Market - Global Outlook and Forecast 2021-2027 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The influencing Factors of growth and regulations with respect to the usage of the information, availability of highly reliable products in the market, and increase in operational efficiency of Fire Insurance Players.The study provides information on market trends and development, drivers, capacities, technologies, and on the changing dynamics of Fire Insurance Market . As per study key and emerging players of this market are Allianz, AXA, Nippon Life Insurance, American Intl. Group, Aviva, Assicurazioni Generali, Cardinal Health, State Farm Insurance, Dai-ichi Mutual Life Insurance, Munich Re Group, Zurich Financial Services, Prudential, Asahi Mutual Life Insurance, Sumitomo Life Insurance, MetLife, Allstate, Aegon, Prudential Financial, New York Life Insurance, Meiji Life Insurance, Aetna, CNP Assurances, PingAn, CPIC, TIAA-CREF, Mitsui Mutual Life Insurance, Royal & Sun Alliance, Swiss Reinsurance, Yasuda Mutual Life Insurance & Standard Life Assurance.
Federal judge says county and city didn’t show that actions by McKesson, AmerisourceBergen and Cardinal Health caused the crisis
Doctors’ ‘good faith’ prescribing decisions drove volume of painkillers shipped to pharmacies, says district judge David Faber The US’s three largest pharmaceutical distributors were not responsible for fueling an opioid epidemic in a part of West Virginia , a federal judge ruled on Monday. District judge David Faber rejected efforts by the city of Huntington and Cabell County to force McKesson, AmerisourceBergen and Cardinal Health to pay $2.5bn to address a drug crisis prompted by a flood of addictive pills in their region. Continue reading…
Reuters Norwegian Offshore Workers’ Strike To Hit Norway’s Oil & Gas Output Norwegian offshore oil and gas workers went on strike over pay after the members of the Lederne trade union voted down a proposed wage agreement that companies and union leaders had negotiated, Reuters reported. “The strike has begun,” Audun Ingvartsen, the leader of the Lederne trade union, said in an interview, adding that the union would escalate the strike to pressure employers to address demands for the wage increase. Equinor ASA (NYSE: EQNR ) has started to shut down the Gudrun, Oseberg South, and Oseberg East fields in the North Sea due to a strike. Pilot Strike Forces SAS To File For Chapter 11 Bankruptcy In US Scandinavian airline SAS AB (OTC: SASDY ) has filed for bankruptcy protection in the U.S. to help accelerate restructuring plans. Wage discussions between SAS and its pilots collapsed, sparking a strike that would add to travel disruption across Europe, Reuters reported. A strike by SAS pilots has accelerated the airline’s decision to file for Chapter 11 bankruptcy protection in the U.S., the report quoted the airline’s CEO, Anko van der Werff.
A U.S. federal judge on July 4 ruled that AmerisourceBergen (ABC), McKesson (MCK) and Cardinal Health (CAH) were not responsible for flaring opioid epidemic in a part of West…
McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc are not responsible for fueling an opioid epidemic in a part of West Virginia, a federal judge ruled on Monday. The decision from U.S. District Judge David Faber came in a $2.5 billion case brought by the city of Huntington and Cabell County, which at trial sought […]
McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc are not responsible for fueling an opioid epidemic in a part of West Virginia, a federal judge ruled on Monday. The decision from U.S. District Judge David Faber came in a $2.5 billion case brought by the city of Huntington and Cabell County, which sought to hold […]
Oklahoma reached a $250M settlement with AmerisourceBergen (ABC), McKesson (MCK) and Cardinal (CAH) to resolve claims that the drug distributors fueled the opioid crisis."Money…
Global Cardiovascular Devices Market Size, Status, and Forecast for the 2022-2032. Comprehensive analysis has been compiled to supply the foremost up-to-date data on key aspects of the market. This research report covers major aspects of the Cardiovascular Devices industry, as well as drivers, restraints, PESTLE
Oklahoma Attorney General John O’Connor said on Monday his state reached a $250 million settlement with Amerisource Bergen Corp, Cardinal Health Inc and McKesson Corp to resolve allegations the drug distributors contributed to the opioid epidemic in the state. (Reporting by Tom Hals in Wilmington, Delaware)
The S&P 500 had another forgettable week as it remains in bear market territory. The Federal Reserve raised interest rates by three-quarters of a percentage point recently . As inflation rates continue to spring forward, there will likely be more fiscal tightening. Hence, it offers plenty of opportunities for investors to scoop up oversold stocks to buy that offer incredible long-term value. Growth stocks, particularly, are sensitive to rising interest rates and have been hit remarkably hard. Moreover, the declines haven’t been limited to stocks only, as the crypto market has also been pulverized since the start of the year. A wide variety of stocks across multiple sectors are now trading near multi-year lows and present an excellent opportunity for investors to add them to their portfolios. 7 Retirement Stocks to Buy in Unexpected Sectors Here are seven oversold stocks to buy that could offer a lot to investors over the long term. Ticker Company Current Price ETSY Etsy, Inc $78.73 FISV Fiserv, Inc. $89.73 CLF Cleveland-Cliffs Inc. $15.68 EXC Exelon Corporation $42.23 BABA Alibaba Group Holding Limited $112.11 CAH Cardinal Health, Inc. $53.02 PINS Pinterest, Inc. $19.90 Oversold Stocks to Buy: Etsy ( ETSY ) Source: Sergei Elagin / Shutterstock Etsy (NASDAQ: ETSY ) is a leading online marketplace that enables businesses and sellers to set up a digital storefront to sell handmade, customizable products.
New Jersey, USA -- ( SBWIRE ) -- 06/22/2022 -- The latest study released on the Global Business Health Insurance Market by AMA Research evaluates market size, trend, and forecast to 2027. The Business Health Insurance market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in This Report Include: Allianz (Germany), AXA (France), Nippon Life Insurance (India), American Intl. Group (United States), Aviva (United Kingdom), Assicurazioni Generali (Italy), Cardinal Health (United States), State Farm Insurance(United States), Dai-ichi Mutual Life Insurance (Japan), Munich Re (Germany), Download Sample Report PDF (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/36304-global-business-health-insurance-market Definition: Business health insurance is purchased by the businesses including small and large to cover employees and dependents.