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From Food Wholesaler to Pharma Giant: The Rise and Controversies of Cardinal Health

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In this episode, we explore the massive footprint of Cardinal Health, a company that began in 1971 as a simple food wholesaler in Ohio before pivoting to become the 15th highest revenue-generating company in the United States. We trace the aggressive growth strategy led by founder Robert D. Walter, moving from the acquisition of Bailey Drug Company in 1979 to the multi-billion dollar purchases of Pyxis, Medtronic’s patient care portfolio, and a recent stake in Solaris Health.

We also examine the significant legal and ethical challenges the company has faced, specifically its role in the U.S. opioid epidemic. We discuss the DEA investigations that labeled the company’s distribution practices an "imminent danger to the public," resulting in facility suspensions and a massive $6.4 billion settlement agreement finalized in 2021. Join us as we b ... 

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