Cardinal Health Inc is an Ohio corporation formed in 1979. The Company with its subsidiaries is a healthcare services and products company that improves the cost-effectiveness of health care. Its helps pharmacies, hospitals, and other healthcare providers focus on patient care while reducing costs, enhancing efficiency and improving quality. It also provides medical products to patients in the home. The Company manages its business in two segments: Pharmaceutical and Medical. Pharmaceutical segment distributes generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products in the United States. This segment also operates nuclear pharmacies and cyclotron facilities, provides pharmacy operations, medication therapy management and patient outcomes services to hospitals and other healthcare providers, provides services to healthcare companies supporting the marketing, distribution and payment for specialty pharmaceutical products and manufacturers and repackages generic pharmaceuticals and over-the-counter healthcare products. This segment also imports and distributes pharmaceuticals, over-the-counter healthcare and consumer products as well as provides specialty pharmacy and other services in China. Medical segment distributes medical, surgical and laboratory products and provides services to hospitals, ambulatory surgery centers, clinical laboratories and other healthcare providers in the United States, Canada and China and to patients in the home in the United States. This segment also manufactures, sources and develops its own Cardinal Health brand medical and surgical products, which are sold in the United States, Canada, Europe and other regions internationally. The Company's customer is CVS Health. In the Pharmaceutical segment, it competes with wholesale distributors with national reach (including McKesson Corporation and AmerisourceBergen Corporation), regional wholesale distributors, self-warehousing chains, specialty distributors, third-party logistics companies, companies that provide services supporting the development, marketing, distribution and payment for specialty pharmaceutical products and nuclear pharmacies, among others. In addition, the Pharmaceutical segment has experienced competition from a number of organizations offering generic pharmaceuticals, including telemarketers. It also competes with manufacturers that sell all or part of their product offerings directly. In the Medical segment, it competes with many different national medical product distributors, including Owens & Minor, Inc., McKesson Corporation and Medline Industries, Inc. It competes with regional medical product distributors and companies that distribute medical products to patients in the home as well as third-party logistics companies. It competes with manufacturers that sell all or part of their product offerings directly. Competitors of the Medical segment's manufacturing and procedural kit businesses include diversified healthcare companies as well as companies that are more focused on specific product categories.
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