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Cardinal Health - Definition and Overview |
| Related Words: Algorithmic, Antipope, Arch, Archbishop, Archdeacon, Banner, Bishop, Canon, Capital, Carmine, Carnation |
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The Cardinal Health Corporation (NYSE: CAH (http://www.nyse.com/about/listed/lcddata.html?ticker=CAH)) is a large USA-based corporation providing services to the healthcare industry.
Founded in 1971 as Cardinal Foods by Robert D. Walter, it was initially a food wholesaler. Acquiring the Bailey Drug Company in 1979, it began wholesaling drugs as Cardinal Distribution, Incorporated.
Following the flotation on the company on the NASDAQ stock market in 1983 it commenced on the long string of acquisitions and mergers that have made it one of the largest corporations in the USA.
As of 2004, it was ranked 17th on the Fortune 500 list.
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