Rank: 18 (Previous rank: 19)
Compare tool: Cardinal Health vs. Top 10
CEO: R. Kerry Clark
Address: 7000 Cardinal Place
Dublin, OH 43017
2008 was supposed to be a year of deck-clearing for Cardinal Health following its $35 million settlement with the SEC over alleged revenue and earnings misstatements going back to 2004.
But the drug-distribution giant continued to struggle, with earnings dropping 33% and its stock falling 40%, as the generic drug environment weakened and the announcement of two big pharma mergers raised fears that the company would lose negotiating leverage. Since then, Cardinal has confirmed that it will spin off its clinical and medical products business. - J.R.
Industry: Wholesalers: Health Care
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