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Cardinal Health

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  5. Walgreen Co.
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Cardinal Health Profit Rose 3.6%; Dividend Raised

Cardinal Health Inc.'s (CAH) fiscal third-quarter earnings rose 3.6% amid a tax benefit and as stronger margins offset lower pharmaceutical sales revenue.For the fiscal year, the company raised its per-share earnings estimate to $3.67 to $3.71, from its previous estimate for $3.42 to $3.50.The company's board also authorized a 10% increase in Cardinal's quarterly dividend to 30.25 cents a share.Cardinal Health was dealt a blow in March as Walgreen Co. (WAG) and European drug giant Alliance Boots GmbH formed an alliance with rival drug wholesaler AmerisourceBergen Corp. (ABC) that could give the companies an advantage in demanding lower prices from drug makers. The distribution pact with AmerisourceBergen replaces Cardinal's contract with Walgreen that expires in August.Last year, Cardinal also lost its contract with pharmacy-benefits manager Express Scripts Holding Co. (ESRX) to AmerisourceBergen. For the latest quarter, Cardinal's pharmaceutical segment reported revenue declined 10% m...

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  1. Cardinal Health to Buy AssuraMed for $2.07 Billion

    Cardinal Health Inc. (CAH) agreed to acquire closely held medical-supplies provider AssuraMed for $2.07 billion as the drug wholesaler looks to diversify its offerin...

  2. Cardinal Health Profit Up 16% on Improved Margins

    Cardinal Health Inc.'s (CAH) fiscal second-quarter earnings rose 16% as the drug wholesaler reported improved margins that helped to offset weaker revenue at its pha...

  3. Cardinal Health Sees $79 Million in Costs From Production Move

    Drug wholesaler Cardinal Health Inc. (CAH) on Wednesday said shifting the production of procedure kits, along with other planned restructuring, will cost $79 million...

  4. Cardinal Health Sees $79 Million in Costs from Production Move

    Drug wholesaler Cardinal Health Inc. (CAH) on Wednesday said shifting the production of procedure kits, along with other planned restructuring, will cost $79 million...

  5. AmerisourceBergen Signs New Deal With Big Customer PharMerica

    Drug wholesaler AmerisourceBergen Corp. (ABC) has signed a new deal extending its relationship with a top customer, the nursing-home pharmacy PharMerica Corp. (PMC)....

  6. Health-Care Sector to Remain Strong for Investors?

    USAA Equity Investments V.P. John Toohey on the sectors to watch for investors.

  7. Medical Device Companies Could Look Healthier in 2013

    Alan Brochstein reviews several companies on his watchlist One of the things I have shared on this blog is that I maintain a watchlist of 100 stocks.  I think it's p...

  8. Glaxo in $150 Million Settlement in Generic Nasal Spray Case

    GlaxoSmithKline PLC (GSK) has agreed to a $150 million settlement with a group of drug wholesalers who said the drug maker delayed the introduction of generic altern...

  9. GlaxoSmithKline in $150 Million Settlement in Generic Nasal Spray Case -Reuters

    GlaxoSmithKline PLC (GSK) has agreed to a $150 million settlement with a group of drug wholesalers who claimed the drug maker delayed the introduction of generic alt...

  10. Glaxo reaches $150 million settlement in nasal spray litigation

    British drugmaker GlaxoSmithKline Plc has reached a $150 million preliminary settlement with U.S. drug wholesalers who claimed the company improperly delayed entry t...

  11. Cardinal Health : DOJ Requested Documents on Customer Discounts

    Cardinal Health Inc. (CAH) disclosed Friday that the Department of Justice has required the pharmaceutical wholesaler to produce documents involving customer discoun...

  12. Fitch Lowers Outlook for Cardinal Health to Stable on Growth Concerns

    Fitch Ratings has revised its ratings outlook on Cardinal Health Inc. (CAH) to stable from positive, citing steady pharmaceutical demand amid concerns around medium-...

  1. Cardinal, McKesson Renew Distribution Agreements With CVS

    Cardinal Health Inc. (CAH) and rival McKesson Corp. (MCK) have separately renewed distribution agreements with a major customer, CVS Caremark Corp. (CVS), lifting a ...

  2. Market Wrap for Tuesday, March 19: Dow Records Slight Gain, Nasdaq and S&P Close Lower

    The U.S. stock market was slightly lower on Tuesday as investors reacted to news that lawmakers in Cyprus have rejected a bailout plan which would include a tax on b...

  3. Walgreen Reports Pact With AmerisourceBergen, Earnings

    Walgreen Co. (WAG) and Alliance Boots GmbH agreed to get their branded and generic pharmaceutical products from AmerisourceBergen Corp. (ABC), in exchange for the tw...

  4. Walgreen to Acquire Stake in AmerisourceBergen

    Walgreen (NYSE:WAG) and Alliance Boots inked a 10-year deal on Tuesday to have branded, generic and specialty pharmaceutical products supplied by AmerisourceBergen (...

  5. Cardinal to Buy Home-Medical Firm AssuraMed for $2.07 Billion

    Drug wholesaler and medical-products company Cardinal Health Inc. (CAH) said Thursday it will acquire closely held medical-supplier AssuraMed for $2.07 billion to re...

  6. Cardinal Health Scoops Up AssuraMed for $2.07B

    Cardinal Health (NYSE:CAH) inked a deal on Thursday to buy privately-held AssuraMed for $2.07 billion as it looks to serve the growing number of elderly patients and...

  7. Cardinal Health to buy medical supplier Assuramed for $2.07 billion

    Drug wholesaler Cardinal Health Inc said it plans to acquire Assuramed, a privately held direct-to-home medical supply distributor, for about $2.07 billion.The acqui...

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