Keeping you updated on the latest Medicare and Part D news

CVS and Cardinal Health Form Joint Venture

Leave a comment

Pharmacy group CVS Caremark Corp and pharmaceutical distributor Cardinal Health Inc. have agreed to combine sourcing and supply chain operations for generic drugs. The 10 year joint venture, which will become operational as early as July 1 2014, will source and negotiate generic supply contracts for both companies. Combined, the two already major players will form the largest generic sourcing entity in the nation to attain more favorable purchasing agreements with generic drug manufacturers. 



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s