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Cardinal Health Inc - Stock Quote CAH

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Morningstar's Cardinal Health Inc Stock Analysis

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Cardinal's Position in the Drug Distribution Oligopoly Warrants a Narrow Moat

Dylan Finley, CFA Equity Analyst

Business Strategy and Outlook

| Karen Andersen, CFA |

Cardinal Health is a leading domestic wholesaler of branded, generic, and specialty pharmaceutical products. With over $180 billion in annual U.S. drug distribution revenue, Cardinal Health supplies over one quarter of the overall market, slightly outpaced by AmerisourceBergen and McKesson in market share. Together, the three operate as a pharmaceutical wholesale and distribution oligopoly, supplying over 90% of the U.S. market. The highly consolidated pharmaceutical wholesale market reflects the substantial scale-based cost advantages held by the largest players.

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Cardinal Health Inc's Company Profile

Business Description

Cardinal Health is a leading pharmaceutical wholesaler, engaged in the sourcing and distribution of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail-order), hospitals networks, and healthcare providers. Along with AmerisourceBergen and McKesson, the three compose well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.

7000 Cardinal Place
Dublin, OH, 43017
T +1 614 757-5000
Industry Medical Distribution
Most Recent Earnings Mar 31, 2022
Fiscal Year End Jun 30, 2022
Stock Type Slow Growth
Employees 47,300

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