Cardinal Health Canada to open new distribution center in Ontario
Cardinal Health Canada announced plans to open a new distribution center in the Greater Toronto Area, expanding its distribution footprint to nine strategic locations to better meet the medical and surgical product demands of the Canadian healthcare system.
The 163,000 square-foot facility will integrate state-of-the-art robotic technologies to deliver operational efficiencies as well as enhanced employee, customer and supplier experiences. Working with autonomous mobile robots means that each employee stays within a specific zone in the facility and becomes an expert on the products located in that area, reducing physical labor while improving productivity. For customers, the AMR implementation will increase picking and packing accuracy.
The new distribution center is estimated to be fully operational in late 2023 to early 2024. This will bolster Cardinal Health Canada’s distribution footprint in Ontario to 541,000 square feet and raise its national footprint to 1,120,000 square feet.
This is the third new distribution center for Cardinal Health’s Medical Segment to be announced within North America since April 2023.
Henry Schein acquires Regional Health Care Group, a medical distributor serving Australia and New Zealand
Henry Schein announced the acquisition of Regional Health Care Group, a medical products distribution company serving public- and private-sector customers in Australia and New Zealand.
Since 1998, Henry Schein has served the Australian and New Zealand dental market, providing a wide range of dental products, equipment, and services to dental professionals. The addition of RHCG expands Henry Schein’s offering to medical practitioners in the region.
Henry Schein acquired RHCG, which had sales for the 12 months ended June 30, 2022, of $42 million, from Maurie and Bernard Stang, who wholly owned the company and retain a minority interest in Henry Schein’s ANZ dental business. Henry Schein expects the transaction to be neutral to 2023 diluted earnings per share when excluding amortization expenses and accretive thereafter. Financial terms were not disclosed.
In Memoriam: G. Gilmer Minor III
G. Gilmer Minor III, Chairman Emeritus and former CEO of Owens & Minor, has died at the age of 82. He led Owens & Minor from 1981 to 2005, growing the business from a less than $300 million medical supply firm to a $4.82 billion organization.
After his tenure as CEO, he worked as the non-executive chairman of the board until 2013. He worked at Owns & Minor for the entirety of his professional life, joining in 1963. Before becoming president in 1981 and CEO in 1984, he worked in sales, operations and management capacities
In a media release, Owens & Minor said, “Gil’s own words spoke volumes about who he was, and how much he cared about the success of the company his family founded, as well as his fellow teammates: ‘As proud as I am of our success, I am probably prouder of the way we have handled adversity and the strong fiber of the company that has held us together. And, most of all, I am proud to be part of a team that cares so much about each other, our customers and our suppliers, and always strives to do better.’”