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Fortune 500 - #19
Monday, April 21, 2008provided by
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Cardinal Health
Last Year's Ranking: 19
Revenue ($ millions): 88,363.90
Profit ($ millions): 1,931.10
The drug wholesaler and medical supply manufacturer sold off its pharmaceutical technologies and services division last April to the Blackstone Group for $3.3 billion, which helped to nearly double annual profit. Cardinal is the second-largest drug distributor in the United States, after McKesson, and is the largest provider of specialized nuclear medications used to treat cancer and heart disease. In July, the company reached a settlement with the SEC that concluded an investigation into its financial reporting from 2000 to 2004, resulting in a $35 million fine.
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Loan Type Today Last Week 30 Year Fixed 5.11% 5.07% 15 Year Fixed 4.48% 4.55% 1 Year ARM 3.91% 3.94% 30 Year Fixed Jumbo 5.90% 5.86% 5/1 ARM 4.25% 4.19% 3/1 ARM 4.94% 4.97% Source: Bankrate -
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