Healthcare Industry News: CareFusion
News Release - March 13, 2008
Cardinal Health Names Michael C. Kaufmann to Lead Pharmaceutical SegmentDUBLIN, Ohio, March 13 (HSMN NewsFeed) -- Cardinal Health, a global provider of products and services that improve the safety and productivity of health care, today announced the appointment of company veteran Michael C. Kaufmann as group president of its Healthcare Supply Chain Services Pharmaceutical Segment.
In this role, Kaufmann, 45, will be responsible for Cardinal Health's largest business, which provides logistics services to pharmaceutical manufacturers, distributes approximately one-third of all medicine prescribed in the U.S. to hospitals, pharmacies and other providers of care, operates the nation's leading network of specialized nuclear pharmacies and is the largest franchisor of pharmacies in the U.S.
Kaufmann was most recently responsible for the turnaround of Cardinal Health's medical supply chain business and has spent the majority of his 17- year career with the company in senior operational, sales and finance roles within the pharmaceutical business. He was instrumental in strengthening financial performance within pharmaceutical distribution by leading the company's transition to a fee-based service model.
He replaces Scott A. Storrer, who will leave the company later this month. Kaufmann will continue to report to George S. Barrett, 52, vice chairman of Cardinal Health and CEO of the company's Healthcare Supply Chain Services sector.
"Mike is a proven leader and a clear choice to accelerate the turnaround of our pharmaceutical business," Barrett said. "He has deep supply chain expertise that will help us strengthen our execution and long-term customer relationships that give him a unique perspective as we work to enhance our offerings."
The company said it does not intend to fill the position Kaufmann formerly held in the medical supply chain business at this time and instead will have those senior leaders report directly to Barrett.
Kaufmann graduated from Ohio Northern University with a degree in accounting and management. He became a certified public accountant early in his career while employed by Arthur Andersen. His appointment is effective immediately.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH ) is an $87 billion, global company serving the health-care industry with products and services that help hospitals, physician offices and pharmacies reduce costs, improve safety, productivity and profitability, and deliver better care to patients. With a focus on making supply chains more efficient, reducing health care-associated infections and breaking the cycle of harmful medication errors, Cardinal Health develops market-leading technologies, including Alaris® IV pumps, Pyxis® automated dispensing systems, MedMined(TM) electronic infection surveillance service, VIASYS® respiratory care products and the CareFusion(TM) patient identification system. The company also manufactures medical and surgical products and is one of the largest distributors of pharmaceuticals and medical supplies worldwide. Ranked No. 19 on the Fortune 500, Cardinal Health employs more than 40,000 people on five continents. More information about the company may be found at www.cardinalhealth.com
Source: Cardinal Health
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