STOCK TITAN

Cardinal Health expands medical distribution footprint in Ohio

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Cardinal Health (CAH) announced plans to construct a 574,670 square foot medical distribution center in Columbus, Ohio, expected to be operational by late 2022 or early 2023. This facility aims to enhance safety, service quality, and operational efficiencies while accommodating fluctuations in volume and labor. The new center will replace an existing 235,000 square foot facility in Obetz and create new job opportunities in the Ohio Valley. The project is supported by a partnership with Duke Realty and is part of a broader strategy to expand U.S. warehouse capacity, ensuring better logistic support.

Positive
  • Construction of a new 574,670 square foot distribution center, enhancing capacity.
  • Facility expected to create new job opportunities in Ohio Valley.
  • Partnership with Duke Realty to improve logistics and operational efficiency.
Negative
  • None.

DUBLIN, Ohio, March 30, 2022 /PRNewswire/ -- Cardinal Health (NYSE: CAH) today announced plans to build a 574,670 square foot medical distribution center in the Columbus, Ohio area.

The new building will integrate automation and technology to work alongside Cardinal Health employees; improve safety, service and quality; deliver operational efficiencies; and better support fluctuations in volume and labor to provide customers with a predictable and stable customer experience.

"We're building a new warehouse to meet both our customers' current and future needs," said James Sembrot, SVP U.S. Supply Chain at Cardinal Health. "The new facility is part of a multi-year strategy to increase U.S. warehouse capacity with expanded inventory space. By increasing our medical distribution footprint, we will provide customers another location in our network for Strategic Stock Solutions and 3PL services," said Sembrot.

The new Columbus facility will replace Cardinal Health's current 235,000 square foot facility in nearby Obetz, Ohio. The larger warehouse footprint and operations can accommodate a full transition of existing employees, and will create new job opportunities for the Ohio Valley market.

In partnership with Duke Realty, a leading owner, developer, and manager of logistics and industrial properties, along with its joint venture partners Columbus Regional Airport Authority and Capitol Square, Cardinal Health anticipates the new facility to be fully operational by late 2022 or early 2023.

"Our public-private partnership between the Columbus Regional Airport Authority and Capitol Square continues to drive our developments in Rickenbacker Global Logistics Park with direct access to highways, the largest dedicated cargo airport in the world and the rail intermodal terminal for Norfolk Southern," said Ben Struewing, Duke Realty's vice president of leasing and development for Ohio. "Columbus' robust talent pool and centralized location make it ideal for Cardinal Health to meet its supply chain and logistics needs to further fuel their growth and success."

About Cardinal Health  
Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for health care facilities. With 50 years in business, operations in more than 30 countries and approximately 44,000 employees globally, Cardinal Health is essential to care. Information about Cardinal Health is available at cardinalhealth.com.

Contacts 
Media: Kristin Larsen, kristin.larsen@cardinalhealth.com and (614) 757-3653 
Investors: Kevin Moran, kevin.moran@cardinalhealth.com and (614) 757-7942 

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cardinal-health-expands-medical-distribution-footprint-in-ohio-301513561.html

SOURCE Cardinal Health

FAQ

What is Cardinal Health's new facility in Ohio about?

Cardinal Health is building a 574,670 square foot medical distribution center in Columbus, Ohio, to enhance its distribution capabilities.

When will the new Cardinal Health distribution center become operational?

The new facility is anticipated to be fully operational by late 2022 or early 2023.

How does the new facility impact Cardinal Health's workforce?

The new center will replace an existing facility and is expected to create new job opportunities in the Ohio Valley market.

What is the significance of the new building for Cardinal Health?

The facility aims to improve safety, service, and efficiency, while supporting fluctuations in volume and labor.

Who is partnering with Cardinal Health for the new distribution center?

Cardinal Health is partnering with Duke Realty and other joint venture partners for the development of the new facility.

Cardinal Health, Inc.

NYSE:CAH

CAH Rankings

CAH Latest News

CAH Stock Data

28.72B
241.37M
0.25%
89.55%
2.47%
Medical Distribution
Wholesale-drugs, Proprietaries & Druggists' Sundries
Link
United States of America
DUBLIN