Driving M&A Success at Cardinal Health
The Background
Cardinal Health is a Fortune 20 healthcare services and products company headquartered in Central Ohio. With a mission to improve cost-effectiveness and quality in healthcare, Cardinal operates across the supply chain, pharmacy services, and clinical solutions.
The company frequently engages in acquisitions and divestitures to strengthen its offerings and expand market presence.
The Approach
In 2023, Cardinal Health faced the challenge of integrating two multi-billion dollar acquisitions: Specialty Networks and Integrated Oncology Network. The integrations required alignment across numerous functional areas, strict compliance with GAAP, SEC, and SOX regulations, and careful management of multi-million-dollar budgets.
The pace was fast-moving, the stakes were high, and the complexity demanded leadership with both technical expertise and organizational finesse. To meet these challenges, Cardinal Health turned to PSI consultant Dave Vandeveer, a seasoned M&A professional with a history of successful integration and divestiture projects.
The Results
Under Dave’s leadership, supported by PSI’s people-first culture, Cardinal Health achieved:
- Four integrations and three divestitures completed on schedule and within budget, with two current integrations on track.
- Establishment of new processes, including a cross-functional approach to mapping how new drugs are added to the formula.
- Technology adoption and innovation through AI contract analysis, Power BI reporting automation, and LucidChart process mapping.
- Executive alignment with Directors, VPs, and SVPs engaged throughout the integration, streamlining
- Work-life balance maintained, supporting sustainable productivity for all teams involved.