Cardinal Health downgraded at ISI Group As previously reported, ISI Group downgraded Cardinal Health (CAH) to Buy from Strong Buy. The firm downgraded shares to reflect the overhang surrounding the renewal of the CVS (CVS) contract and lowered its price target to $48.50 from $50.50.
Henry Schein, Cardinal Health Enter long-term strategic agreement Cardinal Health (CAH) and Henry Schein (HSIC) announced that the companies have entered into a long-term strategic agreement to provide one of the most comprehensive service and product offerings to office-based medical practices. This strategic agreement combines Cardinal Health's product line and extensive touch points across the health system with Henry Schein's outstanding service capabilities and history in serving office-based practices. Under the terms of the agreement, the physician office-focused commercial organization of Cardinal Health's Medical segment will be consolidated into the commercial organization of Henry Schein's Medical Group. Henry Schein has committed to purchase Cardinal Health Brand products and utilize Cardinal Health as a primary source for various medical products.