Report
Soo Romanoff
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Cardinal CFO's Departure Likely a Reflection of Increasing Competitive Pressures

Cardinal Health announced that Jorge Gomez has resigned as CFO and will vacate the position Aug. 9, a day after the scheduled release of fourth-quarter results. He will be the CFO and head of IT at Dentsply Sirona. Cardinal's CEO will serve as interim CFO until a permanent replacement is secured. This announcement follows our recently revised narrow moat rating with a negative bias reflecting the swelling pressure in the competitive landscape.
Although the three largest distributors have secured...
Underlying
Cardinal Health Inc.

Cardinal Health is a healthcare services and products company providing customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices. The company's segments include: Pharmaceutical and Medical. The company's Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical and over-the-counter healthcare and consumer products in the United States. The company's Medical segment manufactures, sources and distributes Cardinal Health branded medical, surgical and laboratory products, which are sold in the United States, Canada, Europe, Asia and other markets.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Soo Romanoff

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