Cardinal Health Chairman Highlights Results, Looks to Future in Annual Meeting Address
06 November 2003 - 4:00AM
PR Newswire (US)
Cardinal Health Chairman Highlights Results, Looks to Future in
Annual Meeting Address Board of Directors Declare First Quarter
Dividend DUBLIN, Ohio, Nov. 5 /PRNewswire-FirstCall/ -- The
chairman and chief executive officer of Cardinal Health , the
leading provider of products and services supporting the health
care industry, reported to shareholders today that the company is
positioned "better than any time in its history" for growth in the
$4 trillion global health care market. Robert D. Walter reviewed
financial highlights and outlined future growth prospects at
Cardinal Health's annual meeting of shareholders, held here today.
The company's board of directors also declared today a regular
quarterly dividend of $0.03 per common share, without par value.
The dividend, which is the company's 77th consecutive regular
quarterly dividend, is payable on January 15, 2004 to shareholders
of record on January 1, 2004. "Cardinal Health has consistently
delivered superior results in revenue growth, operating earnings,
value creation and stock performance; however our greatest
achievement has been to establish an essential role for the company
in the chain of care," Walter said. "Today, the company is
positioned better than any time in its history due to the breadth
of products and services we provide, the value we can bring through
integrated offerings and the focus we've placed on customer
satisfaction. "The health care market continues to be a very
attractive and growing market. Our goal is simply to make it easier
for our customers to focus on what they do best: developing
products or providing services that improve people's lives." Walter
also said Cardinal Health will continue to invest in its growing
business, citing the recent acquisition of Gala Biotech and last
week's cash offer for Intercare, plc as examples. The company's
strong cash flow and balance sheet will enable continued deployment
of capital toward strategic acquisitions and investments that build
scale, expand product and service offerings, or provide new
technology to increase value for customers. Shareholders also
re-elected five board members to three-year terms. Those board
members are Dave Bing, chairman and CEO, The Bing Group, LLC; John
F. Finn, chairman and CEO, Gardner, Inc.; John F. Havens, director
emeritus and retired chairman, Bank One Corp.; David W. Raisbeck,
vice chairman, Cargill, Inc; and Walter. About Cardinal Health
Cardinal Health, Inc. ( http://www.cardinal.com/ ) is the leading
provider of products and services supporting the health care
industry. Cardinal Health develops, manufactures, packages and
markets products for patient care; develops drug-delivery
technologies; distributes pharmaceuticals, medical- surgical and
laboratory supplies; and offers consulting and other services that
improve quality and efficiency in health care. Headquartered in
Dublin, Ohio, Cardinal Health employs more than 50,000 people on
five continents and produces annual revenues of more than $50
billion. Cardinal Health is ranked #19 on the current Fortune 500
list and was named one of "The World's Best" companies by Forbes
magazine in 2002. Except for historical information, all other
information in this news release consists of forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those projected, anticipated or implied. The most
significant of these uncertainties are described in Cardinal
Health's Form 10-K, Form 8-K and Form 10-Q reports (including all
amendments to those reports) and exhibits to those reports, and
include (but are not limited to) the costs, difficulties, and
uncertainties related to the integration of acquired businesses,
the loss of one or more key customer or supplier relationships or
changes to the terms of those relationships, changes in the
distribution patterns or reimbursement rates for health-care
products and/or services, the costs and other effects of
governmental regulation and legal and administrative proceedings,
and general economic and market conditions. Cardinal Health
undertakes no obligation to update or revise any forward- looking
statement. DATASOURCE: Cardinal Health, Inc. CONTACT: Media, Jim
Mazzola, +1-614-757-3690, or email, , or Investors, Steve
Fischbach, +1-614-757-7067, or email, Web site:
http://www.cardinal.com/
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