Latex litigation charge cuts Cardinal Health profits

By Liz White, ERJ staff

Dublin, Ohio-Earnings at US-based healthcare supplier Cardinal Health Inc. dropped in the quarter to 30 Sept (Cardinal’s first for 2005), despite a 16 percent rise in turnover to $17 800 million.

The Dublin, Ohio-headquartered firm-a major supplier of medical gloves-took what it said is a one-off charge of $16.4 million in its medical products business, for remaining latex litigation costs. Cardinal points out that this litigation, which began in the mid-1990s, “is nearing conclusion.”

The $16.4 million is Cardinal’s current estimate…

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Latex litigation charge cuts Cardinal Health profits

By Liz White, ERJ staff

Dublin, Ohio-Earnings at US-based healthcare supplier Cardinal Health Inc. dropped in the quarter to 30 Sept (Cardinal’s first for 2005), despite a 16 percent rise in turnover to $17 800 million.

The Dublin, Ohio-headquartered firm-a major supplier of medical gloves-took what it said is a one-off charge of $16.4 million in its medical products business, for remaining latex litigation costs. Cardinal points out that this litigation, which began in the mid-1990s, “is nearing conclusion.”

The $16.4 million is Cardinal’s current estimate…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
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and Password you signed up with