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Consumer OTC Drugs

Cardinal can bring Bergen margins up closer to 2.6%, CEO says.

This article was originally published in The Tan Sheet

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Executive Summary

CARDINAL CAN REALIZE $120 MIL. IN SHORT TERM FROM BERGEN BRUNSWIG by improving the Orange, Calif.-based wholesaler's business practices, Cardinal Health CEO Robert Walter told the Hambrecht & Quist annual health care conference in San Francisco in January. "I am highly confident that we can drive up the profitability of their business, prior to considering the benefits of consolidation...and realize a potential of in excess of $120 mil.," Walter said. Dublin, Ohio-based Cardinal Health is set to acquire Bergen Brunswig under a deal announced in August ("The Tan Sheet" Sept. 1, 1997, p. 9). Walter estimated the merger will close before the end of the first quarter.

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