Cardinal Health, OptumRx
Drug distributor Cardinal Health to lose OptumRx contracts
Cardinal Health said on Monday its pharma distribution contracts with UnitedHealth Group Inc's OptumRx unit will not be renewed after they expire at the end of June.
Cardinal Health Loses Contracts With UnitedHealth's OptumRX, Stock Slips
Key Takeaways Cardinal Health said its contracts with the pharmacy benefits provider of UnitedHealth Group, OptumRX, won't be renewed, and shares fell in intraday trading Monday.The health insurer noted that sales to OptumRX provided 16% of Cardinal Health's 2023 revenue.
Cardinal Health’s stock falls after company says contract with OptumRx will not be renewed after June
Drug distributor backs fiscal 2024 profit guidance despite end of contract that generated 16% of its revenue last year.
Cardinal Health says contracts with UnitedHealth's OptumRx will not be renewed
Cardinal Health said on Monday its pharma distribution contracts with UnitedHealth Group Inc's OptumRx unit will not be renewed after they expire at the end of June. The drug distributor said it expects to partially offset the impact of losing the OptumRx contracts through a combination of new customer wins and growth in its specialty pharmacy business.
Cardinal Health Backs FY24 View, Not To Renew OptumRx Contracts; Sees Adj. Earnings Growth In FY25
Cardinal Health (CAH) on Monday maintained its fiscal 2024 earnings outlook, and said its pharmaceutical distribution contracts with
Cardinal Health Won’t Renew OptumRx Distribution Pact. The Stock Tumbles.
S hares of Cardinal Health were falling after the drug maker said it won’t be renewing a distribution contract with pharmacy benefits manager OptumRx. The contract with OptumRx expires at the end of June,
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