October 29, 2008

Owens & Minor, Richmond, VA, reported sales of $1.81 billion for the third quarter ended Sept. 30, 2008, up 7.3% from the third quarter of 2007. Profit increased 19.4% to $25.3 million.
 
For the nine months ended Sept. 30, sales were $5.36 billion, an increase of 6.1% in a year-over-year comparison. Profit improves 45.5% to $73.1 million.
 
Owens &Minor, Inc., is a distributor of national name-brand medical and surgical supplies and a healthcare supply-chain management company. …

Cardinal Health, Dublin, OH, drug and medical products distributor, reported an 11% increase in revenue to $24 billion for the quarter ended Sept. 30, 2008, driven by strong sales in the Healthcare Supply Chain Services segment and continued growth within Clinical and Medical Products.
 
The Healthcare Supply Chain Services segment achieved double-digit revenue growth, which helped partially offset the expected year-over-year profit decline from previously disclosed contract re-pricings and anti-diversion efforts for controlled substances.
 
The company performed as expected with double-digit revenue and profit performance from Clinical and Medical Products, and I am encouraged by continued signs of early progress in the pharmaceutical supply chain business,”said …