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Cardinal Health Acquires Chicago-Based CurranCare, a Health-Care Consulting Firm

DUBLIN, Ohio, Nov. 3 /PRNewswire/ -- Cardinal Health, Inc. (NYSE: CAH) announced today that its subsidiary Allegiance Healthcare Corporation has completed the acquisition of CurranCare LLC, a health-care consulting firm that specializes in helping hospitals and health networks coordinate care as patients move from the hospital to the home or other care sites. Financial terms were not disclosed.

Based in North Riverside, Illinois, CurranCare and its President and Chief Executive Officer Connie Curran are recognized nationally for their unique expertise. CurranCare employs 40 full-time consultants serving clients nationwide. The growing company was founded in 1995 and posted revenues of approximately $9 million last year.

"Connie and her team bring unique expertise to our business," said James P. Stauner, president of Cardinal Health Consulting Services. "With CurranCare, we now have one of the broadest consultancies in health care with deep experience to help our clients in a time of unprecedented change in our industry. Health professionals today are grappling with new legislation, new technology, growing demand for care from an aging population and patients who are taking more control over their care."

CurranCare's approach is to help medical organizations move to a patient- centered model it calls Wrap-Around Care(TM). "In a truly integrated system, health-care resources are 'wrapped around' the patient to ensure that the right care is delivered in the right setting -- whether that's a doctor's office, surgery center, hospital, long-term care center, or at home," Curran said. "We work with patients, physicians and care managers to improve the quality and lower the cost of care."

CurranCare will become part of Cardinal Health Consulting Services, which includes a team of more than 150 consultants who offer expertise in these areas:
  • Clinical Services - Consultants in this practice work with hospital- based nurses and other professional staff to improve quality and efficiency in the operating room, the emergency department, the cardiac catheterization lab and other clinical departments.
  • Medication Use - This practice specializes in helping institutions enhance medication safety and improve the processes required to order, store, dispense and manage medications throughout their facilities.
  • Operational Effectiveness - Working with senior managers of hospitals and health networks, this practice specializes in improving management processes and employee productivity in medical facilities.
Allegiance Healthcare Corporation is a subsidiary of Allegiance Corporation ( http://www.allegiance.net ). Through its subsidiaries, Allegiance is a leading provider of health-care products and cost-management services needed by hospitals, laboratories and others in health care. With annual revenues of more than $5 billion, the company manufactures many of the products it markets and distributes, while others come from health and medical companies around the world. Allegiance also provides integrated services such as clinical and productivity consulting, procedure-based supply packaging, just-in-time delivery and other services to help medical professionals control costs and improve quality in patient care. Allegiance is a subsidiary of Cardinal Health, Inc.

Cardinal Health, Inc., ( http://www.cardinal.com ) is a leading provider of products and services supporting the health-care industry. Cardinal companies develop, manufacture, package and market products for patient care; develop drug-delivery technologies; distribute pharmaceuticals, medical- surgical and laboratory supplies; and offers consulting and other services that improve quality and efficiency in health-care. The company employs more than 40,000 people on five continents and produces annual revenues of more than $25 billion.

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's Form 10-K, Form 8-K and Form 10-Q reports and exhibits to those reports, and include (but are not limited to) the costs and difficulties related to the integration of acquired businesses, the loss of one or more key customer or supplier relationships, changes in the distribution outsourcing pattern for health-care products and/or services, and the costs and other effects of governmental regulation and legal and administrative proceedings. Cardinal undertakes no obligation to update or revise any forward-looking statements. SOURCE Cardinal Health, Inc.

CONTACT: Investors, Stephen T. Fischbach, 614-757-7067, or Media, Geoffrey D. Fenton, 614-757-7871, both of Cardinal Health, Inc./
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