DUBLIN, Ohio, May 1 /PRNewswire-FirstCall/ -- Cardinal Health, Inc.
(NYSE: CAH), the leading provider of products and services supporting the
health care industry, today announced plans to acquire the pharmaceutical
wholesale distribution business from The F. Dohmen Co. and certain of its
subsidiaries ("F. Dohmen Wholesale"). The F. Dohmen Co. is a privately held
family-owned health care services corporation, headquartered in Germantown,
Wisconsin.
With revenue of approximately $1.7 billion, F. Dohmen Wholesale is the
fifth largest pharmaceutical distributor in the U.S. and serves more than
2,400 independent pharmacy and retail-chain customers in the Upper
Midwestern, Central, Southern and Southeast States. The company has 480
employees and four distribution centers.
"F. Dohmen Wholesale is a good fit with Cardinal Health as we continue
to build the industry's best global supply chain for pharmacy customers,"
said Mark Parrish, president and chief operating officer of Supply Chain
Services - Pharmaceutical at Cardinal Health. "The acquisition will
complement our existing suite of services and enhance our value proposition
to retail pharmacy customers, a very important set of customers for
Cardinal Health."
"After careful consideration, we selected Cardinal Health as a partner
that could successfully continue the tradition of excellence that The F.
Dohmen Co. has spent 148 years cultivating," said John Dohmen, chief
executive officer and president of The F. Dohmen Co. "Cardinal Health has
crafted its programs and services with the independent pharmacist in mind
and will afford our customers new tools to support their continued growth
and success."
The proposed sale supports The F. Dohmen Co.'s long-term corporate
strategy of focusing on rapidly growing service sectors within health care.
The company remains committed to providing and expanding its array of
health care services through The F. Dohmen Co.'s strong portfolio of
remaining businesses -- RESTAT, JASCORP and DDN Pharmaceutical Logistics.
Independent retail pharmacies represent an $80 billion business in the
U.S., providing a vital service to patients and communities. With this
acquisition, Cardinal Health sees opportunities to grow its business in
this area with a wide range of differentiated product and service
solutions. Cardinal Health and F. Dohmen Wholesale have complementary
capabilities and geographies that will create synergies for the two
organizations and help independent retail pharmacies continue to improve
their operations as they do today with Cardinal Health's private-label
products and innovative solutions.
Cardinal Health anticipates that it will complete the acquisition by June
1. Terms of the agreement were not disclosed.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a
$75 billion, global company serving the health-care industry with a broad
portfolio of products and services. Through its diverse offering, Cardinal
Health delivers integrated health-care solutions that help customers reduce
their costs, improve efficiency and deliver better care to patients. 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. Ranked No. 19
on the Fortune 500, Cardinal Health employs more than 55,000 people on six
continents. More information about the company may be found at
http://www.cardinalhealth.com.
SOURCE Cardinal Health, Inc.
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Related links:
http://www.cardinalhealth.com
CONTACT:
Media, Jim Mazzola, +1-614-757-3690, or
jim.mazzola@cardinal.com, or Investors, Jason Strohm,
+1-614-757-7542, or jason.strohm@cardinal.com, both of Cardinal
Health, Inc.
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