嘉德诺Cardinal Health Inc. (CAH) 1997财年年度报告「NYSE」.pdf

1、Creative SolutionsDistributionFranchisingPackagingAutomationManagementInformationCardinal Health Inc.1997 Annual Report CreativeSolutions In Pharmacy EvolutionCorporate ProfileCardinal Health is one of the leading pharmaceutical service providers in the UnitedStates.The company has pursued a pharmac

2、y-focused growth strategy that has resulted inthe establishment of innovative service offerings in pharmaceutical distribution,retailpharmacy franchising,automated pharmaceutical and supply dispensing systemmanufacturing,hospital pharmacy management,and pharmaceutical packaging andrepackaging.The co

3、mpany is uniquely positioned to offer healthcare providers andpharmaceutical manufacturers creative pharmacy solutions in todays complexhealthcare environment.Founded in 1971 as a food wholesaler,Cardinal Health first entered the pharmaceuticaldistribution business in 1979 with the acquisition of a

4、small drug distributor in Central Ohio.In 1988,the company divested its food operations in order to focus exclusively onpharmaceutical distribution.From that time,the companys revenues have grown more thantwentyfold from just over$500 million to$11 billion today.Since its initial public offering in1

5、983,Cardinal has completed 17 acquisitions which have enabled the company to expand itsoperations nationwide and augment its portfolio of complementary pharmaceutical services.Cardinal Health employs approximately 11,000 associates worldwide.The companyactively promotes an ownership mentality among

6、its employees and directors to maximizetheir focus on creating long-term value for shareholders.Cardinals ten-year average annualtotal return to investors of 31.5%as of December 31,1996 was the 16th best of allFortune 500 companies.1Financial HighlightsSome of the information in this Report includes