This agreement is subject to certain contingencies, including the rate of subdivision participation. The payments will be made on timelines and terms consistent with the National Settlement.
#CARDINAL CHAINS 6 0 SOLUTION PLUS#
Under this agreement, we will pay up to approximately $160 million, which is consistent with the amount that would have been allocated to Washington under the National Settlement, plus certain attorneys' fees and costs. Additional injunctive relief provisions include terms related to the training of controlled substance monitoring program employees, due diligence for new and existing customers, ordering limits for certain products and suspicious order monitoring.Īdditionally, in May 2022, Cardinal Health, along with pharmaceutical distribution peers, reached an agreement with the State of Washington to resolve the opioid-related claims of the state and its participating subdivisions. As part of the injunctive relief terms, the distributors will engage a third-party vendor to act as a clearinghouse for data aggregation and reporting. The settlement also includes injunctive relief terms related to distributors' controlled substance anti-diversion programs, which are designed in part to provide increased transparency within the supply chain. Under the National Settlement, the Company will pay participating states and subdivisions up to $6.0 billion 2, the majority of which will be paid over 18 years. This comprehensive agreement will settle the vast majority of the opioid lawsuits filed by state and local governmental entities. 46 of 49 eligible states, Washington DC, all eligible territories, and greater than 98 percent of litigating political subdivisions are participating in the National Settlement. Medical segment profit decreased 66% to $59 million in the third quarter, primarily due to net inflationary impacts and global supply chain constraints in products and distribution.Ĭardinal Health, along with pharmaceutical distribution peers, finalized the previously announced national opioid settlement agreement (the "National Settlement"), which became effective on April 2, 2022. Third-quarter revenue for the Medical segment decreased 7% to $3.9 billion, due to the divestiture of the Cordis business and lower products and distribution volumes, which includes the impact of global supply chain constraints. Non-GAAP diluted earnings per share (EPS) decreased 5% to $1.45, reflecting the change in non-GAAP operating earnings, partially offset by a lower non-GAAP effective tax rate and share count. Third quarter non-GAAP operating earnings decreased 21% to $545 million, primarily due to inflationary impacts and global supply chain constraints in the Medical segment. GAAP diluted loss per share was $5.05, primarily due to this impairment, net of tax effects. Third quarter GAAP operating loss was $97 million, due to a non-cash, pre-tax goodwill impairment of $474 million in the Medical segment. Non-GAAP operating earnings decreased 21% to $545 million, primarily due to a decline in Medical segment profit Non-GAAP diluted EPS decreased 5% to $1.45įinalized the previously announced national opioid settlement agreementĭUBLIN, Ohio, /PRNewswire/ - Cardinal Health (NYSE: CAH) today reported third quarter fiscal year 2022 revenues of $44.8 billion, an increase of 14% from the third quarter of last year. This book is a valuable resource for college and university students of mathematics, logic, and such technologies as communications engineering.GAAP 1 operating loss was $97 million due to a non-cash, pre-tax goodwill impairment of $474 million in the Medical segment GAAP diluted loss per share was $5.05, primarily due to this impairment, net of tax effects The final chapter deals with distributive lattices and explores the complements in distributive lattices. This book discusses as well certain relations between individual elements of a lattice, between subsets of a lattice, and between lattices themselves. Other chapters examine the properties of meet and join and explain dimensional considerations. This text then defines the relation of partial order and then partially ordered sets, including chains. Organized into six chapters, this book begins with an overview of the concept of several topics, including sets in general, the relations and operations, the relation of equivalence, and the relation of congruence.
This book discusses the unusual features, which include the presentation and exploitation of partitions of a finite set.
Lattice Theory presents an elementary account of a significant branch of contemporary mathematics concerning lattice theory.
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